The stock market lit up after President Donald Trump announced a major trade deal with the United Kingdom.
“The S&P 500 added about 51 points, or 0.9%, near 5,682, while the Dow Jones Industrial Average was up 391 points, about 1%, to trade near 41,505. The Nasdaq jumped 218 points, nearly 1.2%, at about 17,956,” USA Today reported after the historic deal was announced.
Since the president’s “Liberation Day” tariffs were revealed weeks ago, he has indicated that many nations have been negotiating with the administration. On Friday, Trump announced a “bigger, better, stronger deal” for the U.S. and U.K. “than we ever even contemplated before.”
DEAL MADE!🇬🇧🇺🇸
A historic trade agreement made at lightning speed, all thanks to the leadership of President Donald J. Trump. pic.twitter.com/Tw6cG6Fsf0
— Karoline Leavitt (@PressSec) May 8, 2025
“Today, on the 80th anniversary of Victory Day for World War II, President Donald J. Trump and Prime Minister Keir Starmer announced a historic trade deal, providing American companies unprecedented access to the UK markets while bolstering U.S. national security. This is a great deal for America,” a White House fact sheet noted.
.@POTUS: “I have been hearing about making a deal with the UK for 25 years, and especially around the time of Brexit… This is a bigger deal. This is a much bigger, better, stronger deal for both of us than we ever even contemplated before.” pic.twitter.com/uJ4dRHxikP
— Rapid Response 47 (@RapidResponse47) May 8, 2025
“This morning, I’m thrilled to announce that we have reached a breakthrough trade deal with the United Kingdom – incredible country,” Trump said from the Oval Office. “Today is a Victory Day for World War II – we won the war together exactly 80 years ago, so there could be no more perfect morning to reach this historic agreement.”
🚨 A GOOD DEAL 🚨
President Trump announces the first breakthrough trade deal between America and the United Kingdom. ⬇️ pic.twitter.com/pesMdQlCMY
— The White House (@WhiteHouse) May 8, 2025
“Today’s agreement with the UK is the first in a series of agreements on trade that my administration has been negotiating for the past four weeks,” the president added.
FACT SHEET: U.S.-U.K. Reach Historic Trade Deal pic.twitter.com/vvwfwkdGA5
— Rapid Response 47 (@RapidResponse47) May 8, 2025
“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,” Trump said, according to the White House. “The UK will reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.”
.@POTUS on the non-tariff barrier negotiations with the UK: “They have so many things that are so good for them, it’s going to be so good for the country, and that was sort of easy… I think the overall deal just worked out very well from their standpoint.” pic.twitter.com/Da2bDYGGGS
— Rapid Response 47 (@RapidResponse47) May 8, 2025
UK Prime Minister Keir Starmer, who has been negotiating with the administration for weeks, was not in Washington, D.C., but held a press conference in Britain to announce the news and join Trump virtually.
President @realDonaldTrump and Prime Minister @Keir_Starmer deliver a victory for U.S.-UK trade relations, deepening our longtime partnership and expanding our economic integration.
The historic U.S.-UK Agreement in Principle to negotiate an Economic Prosperity Deal is lowering… pic.twitter.com/sxTAdxQyK0
— United States Trade Representative (@USTradeRep) May 8, 2025
Secretary of Commerce Howard Lutnick noted that the UK will be purchasing $10 billion worth of Boeing planes.
🚨 MORE BIG NEWS… Commerce Secretary Howard Lutnick now says that Rolls Royce engines, other plane parts can come into the US TARIFF-FREE – and that the UK will be buying $10 BILLION of Boeing planes “later today.”
Liberation Day looking really good right about now.
Lutnick… pic.twitter.com/QWXuDGm327
— Eric Daugherty (@EricLDaugh) May 8, 2025
