U.S. and Japan Reach Trade Agreement
Digest more
This agreement includes a 15% "reciprocal" tariff on exported Japanese goods, a drop from the 25% previously proposed. More than 1/3 of U.S. imports from Japan last year were cars and car parts. Which comes out to about $52 billion.
Shares in global carmakers surged after a U.S. trade agreement with Japan sparked optimism for the auto industry. Japanese auto stocks were particularly buoyant, with Toyota closing up 14%, its bigges
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
(Reuters) -Businesses making everything from chips to steel reported downbeat results on Wednesday, with U.S. President Donald Trump's trade war inflicting damage even as Japan's deal lifted stocks and hopes that Europe can clinch a similar agreement.