Following the announcement of a “breakthrough deal” with the United Kingdom on Thursday, the U.S. President Donald Trump suggested traders to “go and buy stocks now” as he sees the economy going straight up from this point onward.
In a significant step on trade relations, U.S. President Donald Trump and British Prime Minister Keir Starmer jointly revealed a “breakthrough deal” at the Oval Office on Thursday. The new agreement maintains a 10% U.S. tariff on British imports but sees Britain lowering its tariffs on American goods from 5.1% to 1.8%. Moreover, the UK pledged to expand access for U.S. exports. This marks the first major trade pact since President Trump reignited widespread reciprocal tariff in April.
After the announcement, the president remained in his office to field questions from reporters. At one point, he praised House Speaker Mike Johnson for advancing the government funding bill, adding that the legislation, combined with upcoming trade deals, would drive the country to a point where, in his words, “you’d better go out and buy stock now.”
”Let me tell you this. This country will be like a rocket ship that goes straight up. This is going to be numbers that nobody’s ever seen before,” said Trump.
On Thursday., the key stock indices in the U.S. finished in positive territories. The S&P 500 inched up 0.58%, concluding the session at 5,663.94. The Dow Jones Industrial Average advanced by 254.78 points or 0.62% to settle at 41,368.45. Meanwhile, the Nasdaq Composite increased by 1.07%, closing at 17,928.14.
