US strikes trade deal with China
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Today’s surge pushed BBY back above its year-over-year breakeven level, though the stock remains down 13.4% in 2025. On the charts, the equity is gapping back above the $72 level -- an area that briefly acted as support in March, before President Donald Trump’s April 2 tariff rollout sent the shares tumbling to their lowest level since early 2020.
The deal, which the UK government has said will save “thousands of jobs”, will see car export tariffs slashed from 27.5 per cent to 10 per cent, for a quota of 100,000 UK cars. This, the government said, is almost the total the UK exported last year.