US Edition
US Stocks Tick Toward Another Record Following a US-Japan Trade Deal
GULF MARKETS INCLUDING SAUDI ARABIA, UNITED ARAB EMIRATES, AND QATAR, JUL 23 – The U.S.-Japan trade deal cut tariffs to 15%, boosting Gulf markets and lifting key stocks like Saudi Aramco and First Abu Dhabi Bank amid strong corporate earnings.
- On Wednesday, U.S. stock markets advanced near record levels after President Trump revealed a trade plan that includes a 15% tariff on imports from Japan.
- This came after previous tariff proposals and the announcement on Tuesday of a new trade deal involving the Philippines, amid worries that tariffs might increase inflation and hamper economic growth.
- Markets reacted positively with indexes rising across Asia and Europe, led by a 3.5% rally in Japan’s Nikkei 225 and gains of 1.6% in Hong Kong’s Hang Seng and 1.4% in France’s CAC 40, while some firms showed cautious commentary over tariffs’ effects.
- Brian Jacobsen, who serves as chief economist at Annex Wealth Management, remarked that it reflects changing circumstances that investors are now responding positively to 15% tariffs—a reaction that would have been surprising just a year ago.
- The trade framework and tariff risks suggest ongoing uncertainty with impacts on inflation and demand possible, but current data show tariff passthrough to consumer prices tracking lower than in 2019.
182 Articles
182 Articles
US-Japan trade deal sets 15% tax on imported vehicles, $550B investment in US • Oklahoma Voice
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2024 in Wilmington, California. (Photo by Mario Tama/Getty Images)WASHINGTON — President Donald Trump said late Tuesday he struck a “massive” trade deal with Japan, lowering his threatened tariffs on Japanese products. The deal, according to Japanese negotiators, will include a lower rate on the count…
The Tribune-Democrat
The Caledonian RecordWorld shares rise, buoyed by hopes for more trade deal after the US-Japan tariff pact
World shares rose Thursday, buoyed by optimism that the U.S.-Japan tariff agreement announced a day earlier will be followed by more trade deals.
Asian Shares Rise, Buoyed by Expectation of More Trade Pacts After US-Japan Tariff Deal
Get latest articles and stories on World at LatestLY. Asian shares rose Thursday, buoyed by optimism that the US-Japan tariff agreement will be followed by more trade deals. World News | Asian Shares Rise, Buoyed by Expectation of More Trade Pacts After US-Japan Tariff Deal.
US-Japan trade deal sets 15% tariff on imported vehicles, $550B American investment
New Nissan cars are driven onto a rail car to be transported from an automobile processing terminal located at the Port of Los Angeles on April 3, 2024 in Wilmington, California. (Photo by Mario Tama/Getty Images)WASHINGTON — President Donald Trump said late Tuesday he struck a “massive” trade deal with Japan, lowering his threatened tariffs on Japanese products. The deal, according to Japanese negotiators, will include a lower rate on the count…
ASX set to rise, Wall Street advances after US-Japan trade deal; $A stronger
US stocks are ticking 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 coming to the United States.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
