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Tata Motors shares rise 3% as Trump likely to announce trade deal with UK

Tata Motors share price: Nearly one-fifth of Jaguar Land Rover's revenue comes from the US market

May 08, 2025 / 10:29 IST
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Tata Motors shares rise nearly 3% as Trump likely to announce trade deal with UK
Tata Motors shares rise nearly 3% as Trump likely to announce trade deal with UK

Shares of Tata Motors rose up to 3% on May 8 as the New York Times reported, citing three people familiar with the plans, that US President Donald Trump is expected to announce a trade deal between the United States and Britain.

Trump posted on Truth Social earlier that he would hold an Oval Office news conference at 10 a.m. EDT (1400 GMT) on Thursday about a "major trade deal with representatives of a big, and highly respected, country," using all capitalized letters.

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He did not offer more details but said it would be the "first of many."

A UK official said on Tuesday that the two countries had made good progress on a trade deal that would likely include lower tariff quotas on steel and autos.