U.S., U.K. to Unveil Trade-Deal Framework

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 8 May 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 8. In a first since President Trump’s ‘Liberation Day’ tariff announcements, the U.S. is expected to announce a framework of a trade deal with the United Kingdom. Correspondent Max Colchester explains that despite the likely straightforward nature of the agreement, it hints at the White House’s broader strategy. Plus, why tariff whiplash is spurring some central banks to cut rates, even as the Fed stands pat. And President Trump looks to cement his ‘Make America Healthy Again’ agenda with his pick for surgeon general. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This podcast is brought to you by FTI Consulting.
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0:11.0	Learn more at FTI Consulting.
0:14.0	Experts with Impact.
0:19.0	In a first since Liberation Day, the US.S. prepares to announce a trade deal with the UK.
0:24.7	Plus, the Trump administration moves to overhaul curbs on chip exports,
0:29.6	and we'll look at how tariff whiplash is spurring some central banks to cut rates,
0:34.8	even as the Fed stands pat.
0:36.8	One bunch of central banks has a fairly clear, one-sided problem, which is growth is
0:43.3	slowing without any real sign of an inflation pickup.
0:46.6	The Fed has really the biggest challenge.
0:49.8	It's Thursday, May 8th.
0:51.5	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition
0:54.9	of What's News, the top headlines and business stories moving your world today.
1:04.3	President Trump is expected to announce the framework of a trade deal with the United Kingdom today
1:09.3	in what would be the first major agreement of his
1:12.2	second term. The UK is hoping to get a reduction on the 25% tariffs the US is levied on steel,
1:19.2	aluminum and automobiles, but our London-based correspondent Max Colchester says the baseline 10%
1:25.0	tariff imposed on all countries will likely remain in place.
1:29.3	This isn't going to be a comprehensive trade deal that covers a lot of sectors.
	...

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