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Economists: The UK-US trade agreement is welcome, but its impact will be limited in the short term.
Jin10 Data, May 9 - EFG Asset Management economist Joaquin Thul wrote in a report that, given the uncertainty surrounding tariffs and their economic impact hovering over the market, the news of the trade agreement between the UK and the US is welcome, but its impact will be limited in the short term. The agreement is not comprehensive and is a statement of intent aimed at improving trade between the two economies. "Overall, against the backdrop of global trade being full of uncertainties, the news of the trade agreement between the UK and the US is welcome."