Economist: The UK-US trade agreement is welcome, but its short-term impact is limited.

EFG Asset Management economist Joaquin Thul wrote in a report that given the uncertainty surrounding tariffs and their economic impact hovering over the market, news of a trade agreement between the UK and the US is welcome, but its short-term impact is limited. The agreement is not comprehensive, it is a statement of intent aimed at improving trade between the two countries. "Overall, in the context of global trade uncertainty, news of a trade agreement between the UK and the US is welcome."