The Lowdown This week, President Trump and UK Prime Minister Keir Starmer unveiled a US-UK trade deal—the first since steep tariffs were imposed in April. The agreement slashes tariffs on UK steel and aluminium to 0%, cuts car tariffs 27.5% to 10% for up to 100,000 vehicles, and expands US tariff-free access to British agricultural markets. The agreement is expected to generate US$6 billion in new tariff revenue for the US Treasury. Meanwhile, the Federal Reserve left interest rates unchanged at 4.25%–4.5% during its May meeting, citing economic uncertainty from global trade disruptions. It continues to hold a cautious stance and a “wait and see” approach. So, while the deal offers sector-specific relief, ongoing tariff volatility could continue to pressure inflation and employment. What This Means For You The US-UK trade deal signals near-term gains for sectors like autos, steel, and agriculture. The trade deal provides relief to sectors like the UK’s automotive and steel industries, while offering US farmers expanded export opportunities....