Yahoo Finance’s Hamza Shaban reports:
With two months remaining in a 90-day “reciprocal” tariff pause, President Trump claimed his first breakthrough in a bilateral deal with the UK.
The nation’s strongest ally is now our first realigned trading partner, and the biggest winner that isn’t a head of state is a major US industrial leader: Boeing (BA). …
Compared to where trade agreements stood before Trump began his second term in office, tariffs imposed on British imports are now bigger, even under the terms of the new deal. Higher costs are higher costs, even if both countries’ leaders say they are pleased with the arrangement.
But pointing out that things are more expensive invites the aphorism that perfect is the enemy of good. The calculus on Wall Street, where anxious investors have been looking for good news on trade, is that things were worse before. Now, they are better.
That may be the high-tariff reality of living with lowered expectations. There are real risks being priced into a variety of stocks. And any sign of relief, of some improvement in the outlook — like IAG buying Boeing planes — ends up becoming a win.