Japan, Trump and trade deal
Digest more
President Donald Trump says that Japan has given him $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing
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.
Trump said the U.S. may send out tariff rebate checks, though lowering the national debt would take precedence.
With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.
Trump’s so-called reciprocal tariffs are scheduled to go into effect on August 1 after a 90-day delay—just as American families begin back-to-school shopping—and could hike up the cost of consumer goods imported from other countries.
On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.
Japan's top tariff negotiator, Ryosei Akazawa, met with U.S. President Donald Trump at the White House on Tuesday, the Asahi newspaper reported on Wednesday.