US-UK trade pact will leave the 10% US tariff in place - CNN | Metals Mine
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rishee
May 8, 2025 7:56am
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Looks like the US and UK have signed a trade deal, which sounds good on the surface—but kinda hard to get too excited when that 10% US tariff on UK goods is still sticking around. They’re calling it a breakthrough, but if big trade barriers like that aren’t going anywhere, how much of a breakthrough is it really? Feels more like a political move than anything major for businesses. Both sides get to say they made progress, which is nice for headlines, but for UK exporters especially, it’s not exactly great news. That tariff still makes things more expensive and less competitive. That said, at least talks are happening and things are moving a bit. Hopefully this is just the first step, and they’ll get to the tougher stuff down the line. But yeah, for now, it’s more symbolic than game-changing.
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GainingBucks
May 8, 2025 9:00am
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Quoting Trader#FC32
What is the UK side of the tariffs? In order for both sides to agree, both sides would agree to what each country was charging. Only showing the US side indicates that is only half of the news. What are both sides agreeing to?
That’s intentionally done by the media
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Momofrmnyc
May 8, 2025 8:26am
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We just have to wait until 10AM so we can get more concrete information when it comes to this deal. As I'm pretty certain they'll try to use this deal as the model going ahead with other countries (just my opinion).
Momofrmnyc
May 8, 2025 8:57am
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Quoting MaverickCT
{quote} Please explain what happens at 10 Am, I am trying to understand the time related happenings
The US/UK trade deal press conference is at 10am.

Inserted Video
Trader#FC32
May 8, 2025 8:05am
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What is the UK side of the tariffs?

In order for both sides to agree, both sides would agree to what each country was charging.

Only showing the US side indicates that is only half of the news.

What are both sides agreeing to?
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OnlineAddict
May 8, 2025 8:18am
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Didn't know anyone can be even weaker than the EU bureaucrats, but looks like the UK government are now the biggest cucks around.
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fx6996
May 8, 2025 8:51am
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Quoting OnlineAddict
Didn't know anyone can be even weaker than the EU bureaucrats, but looks like the UK government are now the biggest cucks around.
Why is that - for getting out of the crosshairs of Trump and getting something on the side?

People need to stop complaining and just do things.

To the EU - be like Nike and Just do it!
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fx6996
May 8, 2025 10:49am
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Quoting Trader#2AD5
All this is a US Federal Sales Tax! that's it. It's what failing countries do and have done throughout history. The will be no TAX cuts either. Don't be a fool.
No it's called payback.

For the past 30 years other countries raised BILLIONS in tariff's imposed on imported US goods into their countries because:

1. To protect their domestic manufacturing companies
2. To raise money to run their government
3. because they could - they did it

Trump has said enough is enough - let all countries put a 10% tariff as a base. Once we level the playing field minor adjustments can be made.

Will this cause textile manufacturing to leave India/Vietnam, etc., and return to the US? NOPE because with $15/hour minimum wages those clothes at H&M would triple in price.

This is simply about making reasonable manufacturing return to the US - in particular pharmaceuticals and auto/tech.
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Windstrown
May 8, 2025 7:55am
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Lol what is wrong with the uk making a deal and leaving the only thing that pulled that deal the same lolol ahahaha what a bunch of clowns this is either greatest fake news of all time of the terms of the so called deal have to be the most bs terms on earth for UK to agree with them rofl. They are just trying to save face at this point
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Momofrmnyc
May 8, 2025 9:50am
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Quoting MaverickCT
{quote} Thank you Momofrmnyc. I have noticed on more than 1 occasion that 10:00 is quite volatile. Is 10:00 used for announcements at the White House and if so is there a link where I could see upcoming announcements
Yeah no worries yeah I usually check the calendar here but I use the calendar more at

https://www.financialjuice.com/home

^^It's also pretty good in accurately presenting breaking news and what not. I mean some of these announcements are scheduled so they should on the calendar and some are off the cuff where none of us have any insight prior too.
MaverickCT
May 8, 2025 9:44am
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Quoting Momofrmnyc
{quote} The US/UK trade deal press conference is at 10am[/url]
Thank you Momofrmnyc. I have noticed on more than 1 occasion that 10:00 is quite volatile. Is 10:00 used for announcements at the White House and if so is there a link where I could see upcoming announcements
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TableTop
May 8, 2025 9:42am
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The UK is in a weak position (not part of any significant trading bloc). We consume more US products and services than we sell to the US, we are very closely aligned in military and we have a special relationship (the actual special relationship is detailed at a small exhibit in Bletchly Park in the UK). The rest of the world will be watching to see if the UK gets shafted!
The Fool
May 8, 2025 8:24am
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And thee 25% tariffs on cars and steel? Will those come down? Probably not.
MaverickCT
May 8, 2025 8:47am
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Quoting Momofrmnyc
We just have to wait until 10AM
Please explain what happens at 10 Am, I am trying to understand the time related happenings
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MaverickCT
May 8, 2025 10:16am
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Quoting Momofrmnyc
{quote} Yeah no worries yeah I usually check the calendar here but I use the calendar more at https://www.financialjuice.com/home
Thank you
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Trader#509E
May 8, 2025 8:34am
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As long as MAGA believes in the orange head, anything is a deal. lol
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Trader#7764
May 8, 2025 8:48am
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i gain good profits overnight. but the 10 % scare mee. god. 10% remain is no good for USA economy too. cause too problem. good luck for the one still holding. what a good profits. nice ride . trade small and go along with market not your head.
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Trader#7764
May 8, 2025 7:57am
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it is shit deal for UK. and really good deal for USA. Let see how market react to the remain 10% . if it is all gone tariffs. 0% tariffs. market go be blow away. but 10 % damn. will see....
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Trader#2AD5
May 8, 2025 10:00am
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All this is a US Federal Sales Tax! that's it. It's what failing countries do and have done throughout history. The will be no TAX cuts either. Don't be a fool.
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