Trump strikes trade deal with Japan
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He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories. Placing historically high taxes on imports from around the world — particularly at a time when American consumers are still reeling from the highest inflation they’ve experienced in four decades — marked one of Trump’s boldest gambles of his presidency.
TOKYO -- The new Japan-U.S. trade deal reduces the tariff burden on Japan's seven big automakers by an estimated 1.6 trillion yen ($10.9 billion), but the 15% duties they now face -- while down from the 27.5% imposed earlier this year -- remain far ...
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Cryptopolitan on MSNJapan trade deal with US fuel stock surge across Europe and Asia
Shares for European stocks jumped on prospects of a trade deal between the EU and US as Japan struck a deal to reduce tariffs on its autos.
The reality is that his position is increasingly precarious after his ruling LDP suffered a historic defeat in the Upper House election. Read more at straitstimes.com. Read more at straitstimes.com.
Leaders of the European Union and Japan have launched an alliance aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing chall
Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.