Posted on 05/08/25
| News Source: WSJ
Stocks rose Thursday as President Trump and others spoke in the Oval Office to showcase what he billed as a "full and comprehensive" trade agreement with the U.K.
The deal will bring the U.K. into the U.S. security blanket, Trump said. He outlined benefits for both countries and said the administration has more trade discussions in coming days.
"It opens up a tremendous market for us," Trump said of the agreement. He said the administration has more deals in the works without providing details.
"We can all play games, but it doesn't matter," because deals are what matter, Trump said, referring to coming talks with China. He said the administration is dealing now with the European Union over trade issues.
Trump thanked U.K. Prime Minister Keir Starmer, who spoke after Trump's introductory remarks. Starmer called the deal "a real tribute to the history" the two nations have of working together and noted that 80 years ago today Winston Churchill announced Allied victory in Europe.
The deal today "is truly historic," Starmer said.
Trump said the U.K. will fast track goods through its customs process. "There won't be any red tape," he said.