U.S.-Japan Trade Deal Boosts Market Confidence and Stabilizes Oil Prices
TL;DR Summary
President Trump announced a trade agreement with Japan that includes a 15% reciprocal tariff on all imported goods, lowering the threatened 25% tariff, and highlights significant investment and market opening between the two countries, marking a shift towards higher tariffs on foreign goods.
- Trump says U.S. reached Japan trade deal with 15% tariffs Axios
- Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough CNBC
- Flurry of trade deals offers relief for some Asian countries, while others wait AP News
- Trump announces ‘massive’ trade deal with Japan Al Jazeera
- Oil prices stabilise after US-Japan trade deal Reuters
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