The Best Part of the US-UK Trade Deal Isn't Tariffs
Non-tariff barriers, called NTBs, are regulations that restrict trade and make it harder or more expensive for foreign firms to sell goods and services in a given country. By bringing attention to them, Trump is doing the world a service, since they are costly for all involved — especially the country that enacts them. In that sense, the real winner in this deal will be the UK.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Intel's $24 Billion Rally Sends Valuation to Dot-Com Levels
(Bloomberg) -- After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock's sudden rebound comes with a worrying side effect: a valuation so high its most recent precedent is from the dot-com era more than two decades ago. Shares of the struggling chipmaker have rallied 28% this month, adding about $24 billion in market value, on reports that the US government is in talks for a potential equity stake, as well as plans for a $2 billion investment from Japan's SoftBank Group Corp. The jump has Intel trading at 53 times profits projected over the next 12 months, the highest since early 2002, according to data compiled by Bloomberg. Why New York City Has a Fleet of New EVs From a Dead Carmaker Chicago Schools Seeks $1 Billion of Short-Term Debt as Cash Gone Trump Takes Second Swing at Cutting Housing Assistance for Immigrants A Photographer's Pipe Dream: Capturing New York's Vast Water System A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome 'The stock looks incredibly expensive here,' said Wayne Kaufman, chief market analyst at Phoenix Financial Services. 'That kind of multiple is a bet that the government will push Intel so hard on customers that it becomes a winner.' The surge in Intel this month followed a slump in the wake of a disappointing earnings report on July 24 and criticism of Tan earlier by President Donald Trump, who called for the CEO to step down, citing conflicts of interest. After meeting with Tan on Aug. 11, Trump changed his tune, saying Tan's 'success and rise is an amazing story.' Since then, reports have circulated that the Trump administration is in discussions to take a stake of about 10% in the company. Commerce Secretary Howard Lutnick said in a CNBC interview on Tuesday that the talks are aimed at converting US grants already made to Intel under the Chips and Science Act into non-voting equity. Intel shares slid 1.4% in premarket trading Wednesday. Of course, the US's plans regarding Intel haven't been finalized and could still change. Intel declined to comment on Lutnick's remarks. For Paul Nolte, market strategist and senior wealth manager at Murphy & Sylvest Wealth Management, the potential government involvement could benefit Intel in the short-term but may pose a risk in the long term. 'This strikes me as an easy road to get onto, but a hard one to get out of,' Nolte said. 'At the end of the day, this raises so many more questions than it answers.' Meanwhile, Intel's premium valuation is largely a reflection of just how much its profitability has collapsed in recent years. Intel is projected to generate more than $1 billion in adjusted profit over the next four quarters, after losing about $1.3 billion in the previous four, according to data compiled by Bloomberg. From 2018 to 2021 the company generated more than $20 billion in annual profits on average. 'We have no idea what Intel can deliver in earnings growth since it is so behind on tech and because you can't cost-cut your way to growth,' said Nancy Tengler, chief executive officer of Laffer Tengler Investments. 'It's hard to have confidence in the estimates, which makes it difficult to assess the valuation. I think it's overvalued, but I also think the picture is so uncertain that it wouldn't be attractive at any price.' Wall Street largely echoes her caution. Fewer than 8% of the analysts tracked by Bloomberg recommend buying the stock, while nearly 80% have the equivalent of a neutral rating. In addition, at its Tuesday close of $25.31, Intel trades notably above the average price target of about $22, representing the weakest return potential among components of the Nasdaq 100 Index. Still, there is optimism that Chief Executive Officer Lip-Bu Tan will be able to turn things around. Much of his focus has been on cost cutting, which has improved Intel's outlook to return to profitability but raised concerns the chipmaker may be bowing out of the race for technological leadership. Part of his effort has also been centered on a costly build out of its foundry operations undertaken by his predecessor, Pat Gelsinger. 'Clearly it's going to take a number of years for it to really start operating on a smooth basis,' said Gerrit Smit, lead portfolio manager of the Stonehage Fleming Global Best Ideas Equity fund. 'We've got trust in him, but we think he's got a long slog ahead.' --With assistance from Subrat Patnaik and Dina Bass. (Updates with premarker share move in the fifth paragraph. An earlier version of the story corrected the figure in the headline.) Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Women's Earnings Never Really Recover After They Have Children Americans Are Getting Priced Out of Homeownership at Record Rates Survived Bankruptcy. Next Up: Cultural Relevance? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Newcastle ready to strike mega Liverpool Alexander Isak agreement
Newcastle are ready to agree to a mega sale of Alexander Isak according to one report but it all depends on one condition. Things have reached a boiling point between the two parties. Both Newcastle and Isak released statements of their own on Tuesday night in which they contradict each other. 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Isak claims he had an agreement with Newcastle which they didn't adhere to. Newcastle claim there was no agreement of any kind in place. It's a bit of he said, she said at the moment. We probably will never find out the truth. But while Newcastle remain open to paving a way back for Isak into the first team, the Swede remains adamant he wants a change and made that clear in his statement. Ultimately, who will prevail remains to be seen. One thing is certain, even in Newcastle's statement, a departure from the club has not been ruled out. Newcastle claimed that certain 'conditions' had to be met, without alluding to what this is in order for Isak to be sold. These haven't been met so far but they could be soon. 🔴 Shop the LFC 2025/26 adidas away range According to Keith Downie, a reporter for Sky Sports, speaking on the Good Morning Transfers show, Newcastle could be ready to agree a mega transfer for Isak. "I think if they were to land [Yoane] Wissa in the next few days and I'm expecting Newcastle to come in with a higher bid to Brentford. If they were to land Wissa, and Liverpool came to the table and offered a £130m or a £135m would be my reading into the situation then I think Newcastle might have a little decision to make," Downie said. So it feels like there is a deal to be had. Officially, Newcastle's asking price may be £150m but behind the scenes if Downie is to be believed they are ready to do a deal at a lower price. Let's not get it twisted. £150m is still a lot of money to pay for one player. It's a mega deal at the end of the day. It will shatter the British transfer record. But Liverpool have wanted to sign Isak for ages. He's been their man from the beginning of the summer. If they really want him, why not pay the £25m extra from your initial £110m bid in order to get the transfer over the line? Obviously, the condition is that Newcastle need to sign Wissa first. At this moment in time that hasn't happened yet. If it does, the doors will swing ajar for Liverpool to strike an agreement. The situation is still murky and it's hard to predict how this one ends. But Newcastle haven't completely ruled out the possibility of Isak leaving. On the other hand, the Swede has made it very clear he doesn't want to play for the Magpies again. At this point surely Newcastle are better off selling Isak and moving on from this situation.
Yahoo
16 minutes ago
- Yahoo
Roamly introduces AI-powered Carshare insurance platform
Insurtech company Roamly has launched its AI-powered Carshare insurance platform targeting shared vehicle and mobility sectors. The platform's introduction follows the company's recent accreditation as a Lloyd's of London Coverholder. Roamly Carshare is engineered to work with stakeholders including marketplaces, fleet operators, mobility services and transportation networks. Utilising a blend of machine learning, telematics and AI technologies, the platform aims to refine the insurance underwriting process, expedite claims automation and provide tailored risk management solutions. The platform is designed with an API (application programming interface)-first no code approach, allowing for integration of insurance services within the existing booking, checkout and fleet management processes. It can be integrated into a fleet rental management software-as-a-service (SaaS) tool. This allows for direct customer bookings through operators' own branded websites and the ability to manage fleets across multiple locations. Currently, the Carshare platform insures 7,000 vehicles, with plans to expand to more than 12,000 units by 2025, supporting both carsharing and ridesharing scenarios. A key feature of the Carshare platform is its integration with Wheelbase, Roamly's fleet management SaaS system, which facilitates direct booking. This feature enables operators to directly engage with customers while also providing the option to list on third-party marketplaces. The insurance coverage extends to periods when vehicles are parked, used for personal purposes, or operated on rideshare platforms such as Uber and Lyft. Roamly CEO Jeff Cavins said: "With our AI-powered Carshare solution, we are breaking down that barrier – offering scalable, affordable and fully embedded insurance coverage that helps operators grow with confidence and protects consumers who participate in the marketplace economy. "The Carshare product has been strong coming off launch, and will generate more than $12m in premium by the end of the year.' "Roamly introduces AI-powered Carshare insurance platform " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
