U.S.stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets.The S&P 500 jumped 1.3% to close at 5,700, led by gains in technology stocks.
The Russell 2000 soared 2.1%, outperforming larger-cap counterparts and fully recovering the losses triggered by the April 2 tariff announcement.Under the deal, the U.S.slashed tariffs on UK-made vehicles from 25% to 10%, granting British carmakers a 100,000-vehicle quota.
Trump confirmed that the 10% tariff would remain the baseline for now, though he suggested other nations with large trade surpluses should expect higher rates.
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