Japan Agrees to Negotiate New Trade Deal With the United States
In what could be yet another major development for the global economy, Japan has agreed to negotiate a new trade deal with the United States. Indeed, US President Donald Trump confirmed the talks were beginning in a post to his Truth Social platform.
Since the announcement of his Liberation Day tariff plan, countries have been carefully formulating their response. Several have sought to renegotiate trade deals with the country, with Japan now joining that growing list. Alternatively, it remains embroiled in an ongoing tariff war with China as import duties on the nation are set to reach heights of 245%.
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— Watcher.Guru (@WatcherGuru) April 16, 2025Japan agrees to negotiate new trade deal with the United States.
Also Read: US Stock Market Could Plunge 50% After Tariffs Resume
Japan to Meet With US President Trump, Talk New Trade Deal
In recent weeks, the global economy has sought to navigate increasing geopolitical concerns. The US debuted its first string of America-first economic policies that have seen conflict begin to grow. Although its original tariff plan has been paused, all eyes are on how nations move forward now.
There has been a major development with one trading partner this week. Indeed, Japan is set to negotiate a new trade deal with the United States. Taking to Truth Social, US President Trump confirmed that the two nations will “negotiate tariffs and the cost of military support” in a Wednesday meeting.
Also Read: Honda to Increase US Manufacturing Amid Trump Tariffs
“I will attend the meeting, along with Treasury [and] Commerce Secretaries,” Trump added. “Hopefully something can be worked out that is good (GREAT!) for Japan and the USA!” Conversely, the effect of the import tax increase is beginning to be felt on a global scale.
The World Trade Organization said that the Trump tariff plan could slash world trade by as much as 1.5%. Indeed, they warned that the policy would have “severe negative consequences for the world” in a statement Wednesday. Indeed, negotiation or a reversal of US policy appears increasingly necessary.
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Japan Agrees to Negotiate New Trade Deal With the United States
In what could be yet another major development for the global economy, Japan has agreed to negotiate a new trade deal with the United States. Indeed, US President Donald Trump confirmed the talks were beginning in a post to his Truth Social platform.
Since the announcement of his Liberation Day tariff plan, countries have been carefully formulating their response. Several have sought to renegotiate trade deals with the country, with Japan now joining that growing list. Alternatively, it remains embroiled in an ongoing tariff war with China as import duties on the nation are set to reach heights of 245%.
JUST IN:
— Watcher.Guru (@WatcherGuru) April 16, 2025
Also Read: US Stock Market Could Plunge 50% After Tariffs Resume
Japan to Meet With US President Trump, Talk New Trade Deal
In recent weeks, the global economy has sought to navigate increasing geopolitical concerns. The US debuted its first string of America-first economic policies that have seen conflict begin to grow. Although its original tariff plan has been paused, all eyes are on how nations move forward now.
There has been a major development with one trading partner this week. Indeed, Japan is set to negotiate a new trade deal with the United States. Taking to Truth Social, US President Trump confirmed that the two nations will “negotiate tariffs and the cost of military support” in a Wednesday meeting.
Also Read: Honda to Increase US Manufacturing Amid Trump Tariffs
“I will attend the meeting, along with Treasury [and] Commerce Secretaries,” Trump added. “Hopefully something can be worked out that is good (GREAT!) for Japan and the USA!” Conversely, the effect of the import tax increase is beginning to be felt on a global scale.
The World Trade Organization said that the Trump tariff plan could slash world trade by as much as 1.5%. Indeed, they warned that the policy would have “severe negative consequences for the world” in a statement Wednesday. Indeed, negotiation or a reversal of US policy appears increasingly necessary.
Читать больше