Japan, Donald Trump and trade deal
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Trump announces $550 billion investment deal with Japan, but Tokyo denies key termsTrump touts a $550B investment deal with Japan, but Tokyo questions key terms, casting doubt on the agreement’s future.
President Donald Trump is not being honest with Americans about his trade policies, according to one economist. Trump has sought to reshape global trade by imposing significant tariffs on America's trading partners,
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Japan’s dwindling sake consumption suffers further with US tariffsFew countries in the world have felt the pressure from US President Donald Trump's tariffs quite like Japan. Initially hit with tariffs of at least 25%, the export-orientated country recently struck a deal to cut them to 10%.
The 15% tariff would be lower than previously threatened but remains a high duty on America’s largest trading partner.
The South China Morning Post reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday." Also on Sunday,
The EU is ready to counter with tariffs on $140 billion worth of US goods if no deal is reached. Read more at straitstimes.com. Read more at straitstimes.com.
President Donald Trump is set to meet with European Commission chief Ursula von der Leyen in Scotland to discuss trade. Both sides are seeking an agreement on tariff rates.
He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining
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