U.S. Markets Surge Following Trump-Britain Trade Deal

U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, reducing British tariffs from 5.1% to 1.8%.

The agreement, which is Trump's first since pausing tariffs in April, will also provide greater access to U.S. goods; however, a 10% baseline tariff on UK imports into the U.S. remains in place.

Additionally, Trump assured that tariffs on Chinese goods would not exceed the 145% level already imposed. By midday, the Dow Jones Industrial Average climbed 379.13 points, marking a 0.92% rise to 41,493.10, while the S&P 500 advanced by 48.52 points to 5,679.80, and the Nasdaq Composite gained 205.47 points, reaching 17,943.63.

(With inputs from agencies.)