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Asian markets gain, with Japan’s Nikkei up more than 3%, lifted by deal on Trump’s tariffs
JAPAN, JUL 23 – The U.S. will impose a 15% tariff on most Japanese imports, down from 25%, while Japan commits $550 billion investment in the U.S., boosting Asian markets including a 3% rise in Japan's Nikkei 225.
- Asian shares rallied, with Tokyo’s Nikkei 225 surging over 3%, after Japan and the United States struck a tariff deal.
- With many of his proposed tariffs paused, President Trump’s 25% tariff threat set for Aug. 1 prompted urgent negotiations, as many duties remain on hold.
- Under the deal, most Japanese imports face a 15% duty excluding steel and aluminum, automaker stocks jumped double digits, Norihiro Yamaguchi said, `It is commendable that the 25% baseline tariff was avoided.`
- Bond markets reacted sharply, with ten-year JGB futures dropping 1.04 yen to 137.56 yen, their lowest since March 28, while the dollar slid to 146.38 yen.
- On July 25, high-level talks are scheduled, and Scott Bessent said the Aug. 12 deadline for China negotiations could be extended.
122 Articles
122 Articles
Japan’s Topix Rallies 2% to Record High in Trade Deal Afterglow
TOKYO, July 24 (Reuters) – Japan’s Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited trade deal with Washington.
NEW YORK.- Until just six months ago, it was unimaginable that the United States would apply a 15% tariff to imports from Japan, one of its closest and most enduring allies.During the election campaign, now President Trump had spoken of a 10% universal base tariff, and a higher tribute to China, but no one knew how he was going to implement it.And yet, on Tuesday, when Trump announced a trade agreement that included 15% tariff to Japanese produc…
‘Unprecedented’ Investment Fund Seals Deal for Japan and Expands Trump’s Influence
On Tuesday night, Ryosei Akazawa, the Japanese trade negotiator, sat across from President Trump’s desk in the Oval Office, clustered alongside the U.S. secretaries of Treasury, commerce and state, trying to convince the president to back off from the punishing tariff rates he had threatened on Japan. As a carrot, American and Japanese negotiators offered Mr. Trump an extraordinary proposal: Japan would create a $400 billion investment fund that…
Global markets rally following Trump’s tariffs deal with Japan
Global shares rallied on Wednesday, with Tokyo’s benchmark Nikkei 225 index gaining 3.5% after Japan and the U.S. announced a deal on President Donald Trump’s tariffs.France’s CAC 40 added 1.4% in early trading to 7,854.75, while Germany’s DAX gained 0.9% to 24,260.62. Britain’s FTSE 100 rose 0.6% to 9,075.46. The future for the S&P 500 gained 0.4% while that for the Dow Jones Industrial Average was up 0.5%.The tariff agreement as announced call…
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