Trump Announces ‘Massive’ Trade Deal With Japan
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Japan has launched an anti-dumping investigation into nickel-based stainless cold-rolled steel sheets and strips imported from China and Taiwan, its trade and finance ministries said on Tuesday. The move follows a petition filed on May 12 by Nippon Steel and other domestic manufacturers,
The decision to move all production to Japan will result in a small price increase, he said, with opening price point product retailing for $395, up from $355. The materials will remain the same, and he said all indications point to the fact that his wholesale customers will be OK with the price increases.
In comparison with the 25% tariff Trump slapped on Tokyo earlier this month, a 15% tariff seems like a big improvement.
U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.
6don MSN
Japan calls axis of China, Russia, North Korea the 'gravest threat' to global order since WWII
Russia operations and North Korean threats pose the greatest challenge to global order since World War II, in its annual assessment.
Japan has warned of escalating military threats from China in a new defense report. The report highlights China's growing military activity near Japan’s southwestern coasts and the Pacific as a major strategic challenge.
US-Japan trade deal boosts oil prices, market cautious ahead of EU-China summit, API data shows stock fluctuations.
Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, though a soft dollar and lower Treasury yields capped losses for greenback-priced bullion.