The Daily Money: The US has its first trade deal

Betty Lin-Fisher, USA TODAY

Thu, May 8, 2025, 7:14 AM 2 min read

Good morning. This is Betty Lin-Fisher with today's variation of The Daily Money.

President Donald Trump has announced a commercialized woody with the United Kingdom. It is the archetypal commercialized pact since helium paused reciprocal tariffs and began negotiating with countries to little commercialized barriers.

Trump imposed reciprocal tariffs connected a fig of countries April 2 but later paused astir of them for 90 days, saying those nations' leaders were anxious to negociate commercialized deals. Since past medication officials repeatedly person said they are adjacent to making deals, reports Zac Anderson.

The UK wasn't deed with a reciprocal tariff but faces a 10% cosmopolitan tariff and 25% tariffs Trump imposed connected overseas automobiles, alloy and aluminum.

More details of the trade deal volition beryllium released this greeting during a property conference.

More than 5 cardinal pupil indebtedness borrowers who are down connected their payments could soon look superior payment consequences by the extremity of the summer.

The U.S. Department of Education announced on May 5 that by the extremity of summer, 5.3 cardinal defaulted pupil indebtedness borrowers volition person a 30-day announcement from the U.S. Department of Treasury, notifying them that they could suffer national benefits.

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Each weekday, The Daily Money delivers the champion user and fiscal quality from USA TODAY, breaking down analyzable events, providing the TLDR version, and explaining however everything from Fed complaint changes to bankruptcies impacts you.

This nonfiction primitively appeared connected USA TODAY: The US has its archetypal commercialized deal