Trump Strikes Japan Tariff Deal
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Toyota has expressed optimism following the announcement of a new trade agreement between the United States and Japan.
President Donald Trump announced a new trade framework with Japan, boasting a staggering USD 550 billion investment in the US. However, details remain under negotiation, and it's uncertain if this represents new or existing investments.
Japan said Saturday that the country’s newly announced $550B investment package could be used to help finance semiconductor plants in the US.
First, are tariffs higher? It’s been hard to follow the many impositions, cancellations, negotiations and pauses in tariff policy. But one way to measure tariffs is “customs duties,” which is the revenue the government collects from tariffs on imported goods.
The right-wing populist party Sanseito made big strides in parliamentary elections in Japan, capitalizing on concerns about the economy, immigration and overtourism.
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He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining
US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.
On any list of central bankers dying to get off this crazy thing called 2025, Japan’s Kazuo Ueda deserves a spot at the very top.