Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

US president Trump makes private call to UK PM Starmer, softens trade threats

Source Cryptopolitan

Donald Trump, newly sworn in for his second term as US president, made a private call to UK Prime Minister Keir Starmer on Jan. 26, according to an official readout from Downing Street. This was their first conversation since Trump’s return to office, and both agreed to meet face-to-face “very soon.”

Interestingly, Starmer had said before that his friendship with Trump will remain solid despite the fact that Trump’s best friend Elon Musk hates him. He constantly berates him for his actions on X (formerly Twitter) and mocks him by calling him “Two Tier Keir.”

Meanwhile, Trump and Starmer’s conversation also came during a time of strained economic relations, with Trump’s plans to implement tariffs on February 1, targeting Canada, Mexico, and China. While the UK was not named as a direct target, the effects could easily affect the British economy via its exports.

Middle East discussions and a ceasefire deal

In their call, Trump and Starmer addressed the fragile situation in Gaza, where a ceasefire and ongoing hostages deal remain the focus of international attention. Both leaders agreed on the importance of collaboration and long-term security in the Middle East.

“The United States and the United Kingdom share a commitment to regional stability,” Starmer reportedly told Trump, according to Downing Street.

Just hours before the call, Trump imposed tariffs and travel bans on Colombia after the country refused to allow two planes carrying deported migrants to land on its soil.

The phone call is seen as an attempt to find common ground despite clear ideological differences. Starmer, leader of the center-left Labour Party, entered office last year and has clashed politically with Trump’s right-wing stance. But the UK appears keen to maintain a productive relationship with its most important ally.

Trade tensions and economic uncertainty

Trump’s February 1 tariff deadline loomed heavily over the conversation. There are concerns in Whitehall that the US president’s actions could damage global markets, including key trade routes for UK exports. Trump’s “America First” agenda often puts his allies in difficult positions, and this situation is no exception.

Speaking to reporters on Air Force One on Jan. 25, Trump said, “I like him a lot. He’s liberal, which is a little bit different for me. But I think he is a very good person. And I think he’s done a very good job thus far.”

Starmer is expected to visit Washington in the coming weeks, following up on the discussions held during the call. It will be the second high-profile interaction between the two leaders.

Last September, Starmer met Trump during a dinner in New York, which took place while Trump was campaigning for the presidency. At the time, Trump referred to Starmer as a “friend.”

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - a href="https://www.cryptopolitan.com/ultimate-web3-resume-cheatsheet?utm_source=cryptopolitan&utm_medium=banner&utm_campaign=web3cs-1" target="_blank">Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

Sep 16, Wed

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dow drops 631 points as the Fed hikes — but futures are rebounding: what's next for US stocks?The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Author Irene Q.

23 hours ago

The Dow fell 631 points and the S&P 500 closed below 7,600 after the Fed hiked rates for the first time since 2023, with the dot plot showing 16 of 18 officials expect more tightening. Asia-session futures are already recovering — here are the levels and analyst views that decide whether 7,500 holds.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

23 hours ago

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Popular Symbols