The specter of significant economic friction looms large over US-Japan relations as President Donald Trump has issued a stark warning: trade tariffs of up to 35% could be imposed on goods from Japan. This aggressive posture comes as the Trump administration’s 90-day pause on country-specific duties is set to expire […]
Tag: trade tariffs
Stocks diverge as tariffs deadline looms
Global financial markets experienced significant divergence today, following a definitive statement from US President Donald Trump, who emphatically ruled out any further postponement of reciprocal trade tariffs. This pivotal announcement sent palpable ripples across international exchanges, creating a complex and uncertain investor landscape as various stock markets displayed differing trajectories, […]
Deal or no deal: What happens with Trump’s July tariff deadline?
As the July deadline looms, the global economic landscape is bracing for the potential re-imposition of significant tariffs by former US President Donald Trump, a move that has sent economies worldwide, including key allies like the European Union and Japan, into a frantic diplomatic scramble to secure protective agreements. These […]
Emmanuel Macron Calls Tariffs ‘Blackmail,’ White House Shoots Back Saying Trump Is ‘Doing What’s Right For Our People’
French President Emmanuel Macron has ignited a fresh wave of debate regarding global trade practices, unequivocally labeling the use of tariffs as a form of “blackmail.” His pointed remarks, delivered during the International Conference on Financing for Development in Seville, Spain, underscore the escalating tensions between the European Union and […]
Big automakers report US sales jump on pre-tariff consumer surge
Leading automotive manufacturers, including industry titans General Motors and Ford, have reported a significant surge in their second-quarter U.S. car sales, a development largely attributed to a pronounced pre-tariff consumer spending spree. This unexpected boost highlights a dynamic period within the U.S. economy, where consumer behavior is directly influenced by […]
Japanese manufacturers are slightly more optimistic despite Trump tariff worries
Despite lingering shadows cast by the imposition of trade tariffs during former President Donald Trump’s administration, a recent quarterly survey by the Bank of Japan indicates a modest uplift in business sentiment among the nation’s large manufacturers. This slight but significant improvement underscores a notable degree of resilience within the […]
Dollar feeble as Trump’s tax bill and tariffs weigh
The United States dollar is currently navigating a period of pronounced weakness, a trend that financial analysts largely attribute to the lasting impact of former President Donald Trump’s significant tax reforms and the strategic imposition of trade tariffs. This ongoing depreciation of the US currency reflects a complex interplay of […]