#news_update London market seemingly unhappy about the new US-UK trade deal

On Thursday, the United Kingdom became the first country to seal a trade deal with the US, with the UK’s FTSE 100 closing lower following the announcement of the agreement. Wall Street investors were pumped after the three major US indexes had back-to-back winning sessions.

The US already runs a trade surplus with the UK, which means it exports more to the nation than it imports. Trump imposed a 10% tariff on the UK on April 2, but there was no reduction in those levies despite both states reaching an agreement. The White House revealed specifics about the deal, but nothing was signed at the Oval Office during the agreement.