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Paola Higginbotham ofFP
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Paola Higginbotham ofFP
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: Why 1,000 XRP May Soon Be Out of Reach for Most Investors
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#WORDOFTHEDAY✅ digital
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#WORDOFTHEDAY✅ system
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#TradeStories ✅In May 2025, #TradeStories highlight major global trade developments. The UK and India finalized a historic free trade agreement, phasing out tariffs over a decade, boosting UK whisky and car exports and Indian clothing trade. ✅US-China trade talks are scheduled for May 9-12 in Switzerland to address rising tariff tensions, with no quick resolution expected. ✅U.S. President Trump’s tariffs are disrupting markets, increasing costs for companies like Ford ($1.5B hit) and Mattel ($270M), and driving a record U.S. trade deficit. ✅UK Chancellor Rachel Reeves prioritized EU trade ties over the U.S., ahead of a May summit. ✅India faces challenges from cheap Chinese imports, hurting local industries like Tamil Nadu’s spinning mills. The UK film industry braces for potential 100% U.S. tariffs on foreign films. ✅Global markets show mixed responses, with European stocks up 3.44% and U.S. ports reporting export declines.
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