Business — May 13, 2025

### US and China Agree to Slash Tariffs, Boosting Global Markets The United States and China have struck a deal to cut the extra tariffs imposed on each other's goods, marking a significant de-escalation in the ongoing trade war. The 90-day agreement will see the tariffs on Chinese imports reduced from 145% to 30%, while US exports to China face a 10% levy down from 125%. This unexpected concession led to rallies in global stock markets, with major indexes such as the Dow Jones and Nasdaq surging. The deal is being viewed as an initial step towards broader negotiations, but analysts caution that the underlying issues remain unresolved. [Read more](https://seekingalpha.com/news/4446663). ### Canada Considers Economic Edge Amid American Trade Pressures Canadian businesses are assessing new strategies in light of escalating US tariffs and trade tensions. According to a Léger poll, business leaders in Canada are prioritizing trade diversification to mitigate risks and gain an edge over the US in attracting skilled workers disillusioned with American policies. The Canadian government is being urged to create a more inviting environment for international talent to bolster the economy amid these trade challenges. [Read more](https://financialpost.com/feature/trump-souring-expats-american-dream-canada-edge). ### Rise in Demand for Sustainable Property Fuels UK Commercial Revival The demand for high-quality, sustainable office spaces and student accommodations is signaling a revival in the UK commercial property sector. Despite recent financial pressures, commercial real estate, particularly in cities like Manchester, is seeing increased investment opportunities. Experts attribute this to the private sector stepping in amid a shortfall in government funding for universities, driving demand in the student housing market. [Read more](https://www.dailymail.co.uk/property/article-14695409/Demand-student-digs-plush-offices-helping-buoy-commercial-property-revival.html). ### Shoppers Favor British Goods Amid Global Trade Tensions Consumers in the UK are increasingly turning to British-made products as trade tensions persist. Barclays reports that seven in ten shoppers prefer buying local goods, with a significant uptick in spending at butchers, delis, and fishmongers. This trend is seen as a stand against the heightened tariffs resulting from recent global trade disputes, demonstrating strong consumer support for domestic businesses. [Read more](https://www.dailymail.co.uk/money/smallbusiness/article-14702713/Shoppers-splurge-buying-British-bid-support-small-businesses.html). ### Pension Funds to Invest More in British Infrastructure Seventeen of the UK's largest pension funds have committed to significant investment in the UK's infrastructure and business sectors. This move, part of the Mansion House Accord, could unlock £50 billion for the British economy. The commitment aims to support domestic growth while enhancing the long-term returns for pension savers. The government emphasizes the need for a clear pipeline of investment opportunities to maximize the impact of this substantial financial commitment. [Read more](https://www.dailymail.co.uk/money/markets/article-14704491/Britains-biggest-pension-funds-vow-boost-investment-businesses-infrastructure-projects.html). ### You May Also Be Interested In... - **Shopify Joins Nasdaq 100**: Shares jump as Shopify announces its inclusion in the prestigious Nasdaq 100, reflecting its growing influence in the tech sector. [Read more](https://financialpost.com/investing/shopify-stock-jumps-more-than-14-on-news-of-nasdaq-100-inclusion). - **Marston's Back in Profit**: The pub chain reports a return to profitability, attributed to strategic disposals and operational efficiencies. [Read more](https://www.dailymail.co.uk/money/markets/article-14705889/Marstons-toasts-return-profit-sunny-weather-lifts-orders.html). - **AstraZeneca and GSK Under Pressure**: As Trump targets big pharma, UK giants AstraZeneca and GSK may face challenges amidst efforts to cut prescription prices. [Read more](https://www.dailymail.co.uk/money/comment/article-14704465/AstraZeneca-GSK-firing-line-Trump-targets-big-pharma-ALEX-BRUMMER.html).

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