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☄️ President Donald Trump reiterated plans to unilaterally impose tariffs within 2 weeks, despite past delays and limited progress on trade deals beyond the UK and a fragile truce with China, ahead of a July 9 deadline.

🇬🇧 The UK economy shrank 0.3% in April 2025, its first monthly drop in 6 months, as tax hikes and Trump’s tariffs triggered a £2 billion fall in US exports and raised doubts over Labour’s growth-led fiscal plans.

🛢Oil prices retreated after a 4% surge, as Middle East tensions—sparked by Iran’s threats against US bases—collided with renewed trade fears from Trump’s planned July 9 tariff action.

↗️ Oracle projected 70%+ growth in cloud infrastructure sales for fiscal 2026, driven by surging AI demand and big contracts like OpenAI and xAI, sending shares up 7% in late trading after closing at $176.38.

🛒 Tesco’s like-for-like UK sales rose 5.1% in the quarter ending May 24, beating the 3.9% estimate, as strong demand for private-label and premium foods boosted performance; shares closed at 385.30p.

#MarketNews