US Edition
Japanese automaker shares jump after Trump trade deal
JAPAN, JUL 23 – Japan's Nikkei 225 rose over 3%, led by Toyota and Mazda, after the U.S.-Japan $550 billion trade deal cut tariffs and opened markets, officials said.
- On Wednesday, U.S. President Donald Trump finalized a $550 billion trade deal with Japan that reduces reciprocal auto tariffs to 15 percent.
- The agreement followed prolonged Japan-U.S. tariff negotiations and aims to bring American auto jobs back, despite some views that it favors Japanese automakers.
- Tokyo stocks surged more than 3 percent, led by auto shares such as Toyota rising 13.7 percent and Mazda 17.7 percent, while the yen weakened slightly against the dollar.
- Treasury Secretary Scott Bessent noted the August 12 deadline for further trade discussions, and Deutsche Bank analysts said the deal raised hopes of similar agreements with other countries.
- The deal eased concerns over U.S. tariffs, boosted Asian and European markets, and protected Tokyo from new levies, signaling a positive shift in global trade sentiment.
97 Articles
97 Articles
Washington and Tokyo have just concluded a trade agreement. Japan will pay a customs surcharge of 15% on products exported to the United States. Japan has agreed to open its market to American cars and pickups, as well as to a number of agricultural products. Japanese carmakers show their relief.
Daily Breeze
US stocks head for another record and Japan’s market rallies after trade deal
NEW YORK (AP) — U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports to the United States. The S&P 500 was 0.3% higher in early trading Wednesday, coming off its latest all-time high. The Dow Jones Industrial Average was up 219 points, and the Nasdaq composite was up 0.2%. The Nikkei 225 rallied 3.5% in Tokyo after President Do…
Enid News & Eagle
US stocks head for another record and Japan's market rallies after trade deal
U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports to the United States. The S&P 500 was 0.3% higher in…
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