The Fed's monetary-policy makers are working to figure out the economic impact of the Trump administration's tariffs, and a key factor on that front is the size of the import taxes levied on Chinese products.

Seoul will also invest $350bn in the US as part of the deal, which Donald Trump says is "pretty much finalised".

President Donald Trump and South Korean President Lee Jae Myung finalized a trade deal that will include $350 billion in South Korean investments in U.S. industry. South Korea says a big portion of the funds will be directed to reviving U.S. shipbuilding.

Seoul will invest $200 billion, or as much as $20 billion a year, and set aside another $150 billion to invest in its American shipbuilding operations, a South Korean official said.

The Bank of Japan left its policy rate steady again, waiting for clarity on the impact of tariffs and a political leadership change in Tokyo.

The Tokyo Mobility Show is showcasing futuristic transport, including robotic chairs and helicopter-like aircraft.

Through workforce reductions and other measures coming in 2026, the company said it expects to save about $35 million annually.

Chili’s owner Brinker International is boosting prices as tariffs start to pinch its profit. Brinker said Wednesday that it expects the duties to drive its commodity costs higher than previously anticipated this fiscal year.