Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivana Hampton. Investing Insights is helping investors

navigate market volatility in a new series. Morningstar strategists and authors will deliver

timely insights, trends, and tips. And these episodes will pop into your podcast feed at least once a

month. We're about one-third of the way through President Trump's 90-day tariff pause. Uncertainty has

overwhelmed investors since the U.S. escalated import taxes

on trading partners, including fellow global powerhouse, China. Joining me on Investing Insights

is Morningstar Wealth's chief multi-asset strategist, Dominic Popolardo. We discussed the anticipation

for trade deals, a new target for tariffs, and a potential risk to the bond market.

Thanks for being here, Don.

Good to see you, Ganga.

Just this morning, President Trump says that the U.S. and UK agreed to a trade deal.

This would be the first agreement with a trading partner since the tariff paused.

Talk about what this

mean. But before you say anything, let's timestamp this moment. It is Thursday, May 8th,

just before 10 a.m. Yep. So far, we've really only seen headlines about the deal. I don't

think we've seen any of the details yet, so it's hard to really analyze

it to specifically. There's no doubt, though, striking a trade deal with any major trading

partner is positive, positive progress, so to speak. I'm not sure the UK is going to have the biggest

impact. I'd say we have limited trading with them relative to some of the other countries,

like China or some of the developing market countries.

But still, there's no doubt that seeing a deal, get put in place,

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