Wall Street gains as first trade deal reached

Quick Summary:

US stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while US President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.

Commerce Secretary Howard Lutnick said the UK would buy US$10 billion of Boeing aircraft, sending the planemaker's shares 3.3% higher as the best performer on the Dow.

Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods as part of the deal, while a 10% baseline tariff on goods imported from the UK into the US remains in place.

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Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: Tariffdeal Markets Boeingorders Airlinesrally /Business/ USUKtrade Semiconductorboost Stocksurge Chinatradetalks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 06:12:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28501045

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