US EditionAsian Markets Cool as Trump Begins Japan Visit
Trump's Asia tour includes meetings with Japan’s first female prime minister and efforts to reduce tariffs, with recent deals setting U.S. tariffs at 15%, officials said.
- On Tuesday in Japan, President Donald Trump met Prime Minister Sanae Takaichi in Tokyo, their first meeting since she took office last week, as part of his nearly week-long Asia tour.
- Earlier this year, the U.S.-Japan trade accord included Japan pledging $550 billion in the United States, with 15% tariffs replacing the 25% initially threatened by the United States.
- Under the proposed framework, U.S. officials say China would pause restrictions on heavy rare earth elements and powerful magnets for one year, and resume U.S. soybean purchases, Treasury Secretary Scott Bessent said.
- The trip will culminate on Thursday with a meeting between President Donald Trump and Xi Jinping at the APEC summit in South Korea.
- She has accelerated Japan's promise to spend at least 2 percent of GDP on defense amid worries about the long-term reliability of the United States security umbrella.
33 Articles
33 Articles
The Bakersfield Californian
Asian shares are mixed as region watches for outcome from Trump's visits
Asian shares are mixed, with Chinese markets gaining as investors watch to see what might come of a planned meeting between President Donald Trump and China's top leader. The benchmark Shanghai Composite index topped 4,000, it's highest level in a…
Trump’s Asia tour takes him to Japan ahead of pivotal meeting with China’s Xi
The U.S. and China said they’ve agreed on a framework for a potential trade deal, once again trying to pull back from a trade war between the world’s two largest economies. The announcement comes as President Trump’s tour through Asia takes him to Japan. Nick Schifrin reports.
fxopen.com
Action ForexUSD/JPY Declines Amid Trump’s Visit to Japan
The Japanese yen strengthened on Monday, pushing the USD/JPY pair below the ¥152 mark. The move can be seen as a market reaction to U.S. President Donald Trump’s visit to Japan, where he met with the newly elected Prime Minister, Sanae Takaichi.During the visit, the two leaders proclaimed a “new golden era” in U.S.–Japan relations and signed: → an official trade agreement introducing a 15% tariff on Japanese exports; → a deal on the supply of ra…
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