• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump inks trade deal with UK, previews China trade negotiations during 16th week in office

by May 10, 2025
written by May 10, 2025

President Donald Trump and his administration inked a major trade deal with the U.K. Thursday, and closed the week gearing up for trade talks with China over the weekend. 

Details of the specific trade plan with the U.K. are sparse, but the deal keeps the existing 10% tariffs in place against U.K. goods while removing some import taxes on items like steel and cars. 

‘With this deal, the U.K. joins the United States in affirming that reciprocity and fairness is an essential and vital principle of international trade,’ Trump said Thursday. ‘The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers.’ 

The deal is the first historic trade negotiation signed following Liberation Day, when Trump announced widespread tariffs for multiple countries April 2 at a range of rates. 

The administration later adjusted its initial proposal and announced April 9 it would immediately impose a 145% tariff on Chinese goods, while reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%. China responded by raising tariffs on U.S. goods to 125%.

Trump also shed some insight into trade negotiations with China, given that Treasury Secretary Scott Bessent is scheduled to kick off trade negotiations with China in Switzerland Saturday. 

‘Scott’s going to be going to Switzerland, meeting with China,’ Trump told reporters Thursday at the White House. ‘And you know, they very much want to make a deal. We can all play games. Who made the first call, who didn’t make them? It doesn’t matter. Only matters what happens in that room. But I will tell you that China very much wants to make a deal. We’ll see how that works out.’

Here’s what also happened this week: 

Meeting with Canada’s prime minister 

Trump also doubled down on his interest in expanding the U.S. during a Tuesday visit with Canada’s prime minister, Mark Carney. 

Trump regularly has said he wants Canada to become a U.S. state, and has discussed acquiring Greenland and the Panama Canal for security purposes. However, the matter of Canada isn’t open to negotiation, Carney said. 

‘Having met with the owners of Canada over the course of the campaign the last several months, it’s not for sale,’ Carney said at the White House Tuesday. ‘Won’t be for sale ever, but the opportunity is in the partnership and what we can build together. We have done that in the past, and part of that, as the president just said, is with respect to our security, and my government is committed for a step change in our investment in Canadian security and our partnership.’

While Trump acknowledged that Canada was stepping up its investment in military security, he said, ‘Never say never’ in response to Canada becoming another state. 

‘I’ve had many, many things that were not doable, and they ended up being doable,’ Trump said.

 

Meeting with ballet dancer freed from Russian prison 

Trump also met with Russian-American ballet dancer, Ksenia Karelina, at the White House Monday. Karelina faced a sentence of 12 years in a Russian penal colony for treason in 2024, but the Trump administration negotiated her return to the U.S. during a U.S.-Russian prisoner swap in April. 

‘Mr. Trump, I’m so, so grateful for you to bring me home and for (the) American government. And I never felt more blessed to be American, and I’m so, so happy to get home,’ Karelina said in a video posted by Trump deputy assistant Sebastian Gorka on April 11 upon her return to the U.S.

Karelina, a resident of Los Angeles who was born in Russia, was arrested in 2024 during a trip to visit family in Yekaterinburg, Russia. Russia Federal Security Service arrested her after inspecting her phone and finding a donation to a U.S.-based charity that supports Ukraine. 

Fox News’ Emma Colton contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland
next post
FBI Deputy Director Bongino: Illegal alien criminals and child predators are next in ongoing crackdown

related articles

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Democrats under fire as food stamp funds run...

October 23, 2025

Curtis Sliwa vows to be Zohran Mamdani’s ‘worst...

October 23, 2025

Vance visits church where Christians believe Jesus was...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Pakistan warns of a ‘nuclear flashpoint,’ urges Trump to step in amid rising tensions with India over Kashmir

    May 2, 2025
  • Supreme Court hands Ed Sheeran legal win in Marvin Gaye copyright fight

    June 16, 2025
  • ‘Never Trumpers’ coalesce behind Dem ticket in Republicans for Harris campaign

    August 5, 2024
  • EPA urged to axe funds for ‘radical’ climate project accused of training judges, state AGs rally

    August 26, 2025
  • Trump has higher favorability numbers than Taylor Swift, poll finds

    September 20, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • New poll reveals this political event swayed only a fraction of Harris-Trump supporters

    September 17, 2024
  • ‘DOGE boys’: Dems fume over spending cut spree at rally outside Trump’s next potential target

    February 10, 2025
  • Harris says Biden is currently capable of serving as president amid growing concerns over his fitness

    July 23, 2024

Recent Posts

  • White House freeze on federal aid won’t affect student loans, Education Department says

    January 29, 2025
  • Trump’s world leaders club: who’s in and who’s looking to salvage ties

    January 26, 2025
  • Rubio says US, Qatar on verge of finalizing defense cooperation agreement

    September 16, 2025

Editor’s Pick

  • Israel calls to evacuate Yemen airport amid fight with Houthis

    May 6, 2025
  • FBI arrests woman on ‘Ten Most Wanted Fugitives’ hiding in India, transports to US for prosecution

    August 20, 2025
  • Trump Cabinet nominees, appointees targeted with ‘violent, unAmerican threats’

    November 27, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock