May 12, 2025
Japan PM Ishiba reiterates call to eliminate all tariffs with US
Japanese Prime Minister Shigeru Ishiba reiterated that he will aim for the elimination of all tariffs in trade negotiations with the United States. Ishiba said that “discussions have gradually come together,” and that Tokyo’s relationship with U.S. President Donald Trump is “surprisingly good.”
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May 9, 2025
Gold falls more than 1% after Trump announces UK trade deal
Gold extended losses and fell more than 1% after U.S. President Donald Trump announced a trade deal with the United Kingdom, raising hopes of such deals with other countries.
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May 9, 2025
Trump heralds ‘breakthrough’ deal with UK
U.S. President Trump and British Prime Minister Starmer announced a “breakthrough deal” on trade. The deal leaves in place a 10% U.S. tariff on goods imported from the UK, while Britain agreed to lower its duties to 1.8% from 5.1% and provide greater access to U.S. goods.
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May 9, 2025
First time since early February, Bitcoin retakes $100,000 on global trade deal optimism
Bitcoin topped $100,000 for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump’s trade war with the rest of the world is easing.
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May 8, 2025
World stocks lose ground in choppy trade as Fed keeps rates unchanged
World stocks lost ground while U.S. Treasury yields had mixed reactions and the dollar gained some ground in choppy trading after the Federal Reserve left interest rates unchanged and warned of higher inflation and labor market risks.
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May 8, 2025
Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment
The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies.
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