US EditionUS 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.
- U.S. stocks edged closer to a new high on Wednesday after President Trump unveiled a trade agreement proposing a 15% tariff on goods imported from Japan.
- This announcement followed Trump’s earlier proposal of stiffer taxes on imports worldwide, which risk raising inflation and slowing the U.S. economy amid tariff uncertainties.
- Markets in Asia and Europe rose, led by Japan’s Nikkei 225 rallying 3.5%, while stocks like Hasbro and Texas Instruments fell despite reporting profits above expectations.
- Brian Jacobsen, the lead economist at Annex Wealth Management, noted that it reflects current conditions that investors are responding positively to 15% tariffs, whereas such a reaction would have been surprising just a year ago.
- The events suggest continued market optimism despite tariff risks, though cautious commentary and potential inflation pressures indicate uncertainty ahead.
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.
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