Trump's tariff deal offers scant relief for Japan automakers
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After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.
Asian shares were mixed on Monday, with Japanese markets dipping despite overall optimism in the market after the U.S. and EU reached a trade framework that includes a 15% tariff on most European goods.
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."
A new Nissan Murano on your shopping list? Or perhaps the 2026 Mazda CX-5? Big price hikes may be coming for Japanese auto imports under the U.S.-Japan trade deal announced Wednesday.
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TaiwanPlus News on MSNTaiwan’s Chipmakers Could Benefit From Japan’s U.S. InvestmentsJapan’s chief trade negotiator says part of a US$550 billion investment package with the United States could be used to back Taiwanese chipmakers if they use Japanese parts or are selling to Japanese customers.
President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug.
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.