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Wall Street Dips Amid Economic Woes; UK-India Trade Deal Shines

5/7/2025

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Wall Street Decline

Wall Street took a hit as the Dow dropped 273 points, reflecting growing concerns over economic stability. Fitch warns that Canada may face a recession, with unemployment potentially soaring above 8% due to the US trade war. In brighter news, the UK and India sealed a landmark trade deal, poised to enhance trade by £25.5 billion and lower tariffs on numerous goods.

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India-UK Trade Agreement

India and the UK have struck a groundbreaking Free Trade Agreement (FTA) designed to elevate bilateral trade to an impressive $120 billion by 2030. This pivotal deal will slash tariffs on numerous goods, opening doors for Indian exports, especially in textiles and engineering, fostering a vibrant economic partnership.

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Wall Street Decline

Wall Street took a hit as the Dow dropped 273 points, reflecting growing concerns over economic stability. Fitch warns that Canada may face a recession, with unemployment potentially soaring above 8% due to the US trade war. In brighter news, the UK and India sealed a landmark trade deal, poised to enhance trade by £25.5 billion and lower tariffs on numerous goods.

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