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    Trump touts ‘progress’ in Japan trade talks, as uncertainty roils stocks | Donald Trump News

    Team_NewsStudyBy Team_NewsStudyApril 17, 2025 Latest News No Comments4 Mins Read
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    Wall Road closes sharply decrease as US Federal Reserve chair warns tariffs might result in slower development, greater inflation.

    United States President Donald Trump has touted “massive progress” in commerce talks with Japan after making an surprising intervention within the negotiations, as uncertainty attributable to his sweeping tariffs continues to roil inventory markets.

    Trump made his feedback on Wednesday after making the shock resolution to sit down in on negotiations between his administration and Japanese officers in Washington, DC.

    “A Nice Honor to have simply met with the Japanese Delegation on Commerce. Huge Progress!” Trump wrote on Fact Social after the talks, which included US Treasury Secretary Scott Bessent, US Commerce Secretary Howard Lutnick and Financial Revitalization Minister Ryosei Akazawa.

    Akazawa mentioned after the assembly that Trump wished to achieve a deal earlier than the top of his 90-day pause on his “reciprocal” tariffs, with the Japanese hoping to see the settlement sealed “as quickly as attainable.”

    Japanese Prime Minister Shigeru Ishiba mentioned the negotiations wouldn’t be simple, however the preliminary rounds of talks had “created a basis for the following steps”.

    Like dozens of different US commerce companions, Japan has been hit with a ten % baseline tariff along with duties of 25 % on automobiles, metal and aluminium, which rank among the many East Asian nation’s prime exports.

    Japan, a prime US safety ally and its fourth-largest commerce companion, can be going through a focused 24 % “reciprocal” tariff beneath Trump’s “liberation day” commerce measures, practically all of which have been paused till July 9.

    “Japan’s trade is so intently built-in within the US financial system that everybody could be very involved concerning the commerce talks,” Martin Schulz, chief coverage economist at Fujitsu in Tokyo, instructed Al Jazeera.

    “Though there can’t be winners in a commerce conflict, we’re additionally fairly optimistic that agreeable outcomes could be achieved. Japan is the most important investor within the US and all for investing extra.”

    “If each economies could be stored on a development monitor, greater imports from the US turn out to be attainable,” Schulz added.

    The US-Japanese talks got here as Wall Road racked up additional heavy losses amid persevering with uncertainty over Trump’s commerce salvoes.

    The benchmark S&P 500 closed 2.24 % decrease on Wednesday, whereas the tech-heavy Nasdaq Composite fell 3.07 %.

    The losses adopted a warning by US Federal Reserve Chair Jerome Powell that Trump’s steep tariffs might depart the US financial system grappling with weak development, rising unemployment and better inflation abruptly.

    “We could discover ourselves within the difficult state of affairs through which our dual-mandate objectives are in stress,” Powell mentioned in a speech to the Financial Membership of Chicago on Wednesday, referring to the US central financial institution’s twin objectives of most employment and secure costs.

    “If that have been to happen, we might contemplate how far the financial system is from every objective, and the possibly completely different time horizons over which these respective gaps could be anticipated to shut.”

    US shares have been on a rollercoaster experience since Trump’s inauguration in January, alternating between sharp dips and large jumps amid his back-and-forth tariff bulletins.

    Monetary markets and companies have been on tenterhooks ready for indicators that the US president is open to watering down or scrapping lots of his tariffs in alternate for concessions from US buying and selling companions.

    Trump administration officers have mentioned that greater than 75 international locations have reached out to start negotiations on commerce.

    After the most recent losses on Wall Road, the S&P 500 and Nasdaq are down about 10 % and 15 %, respectively, for the reason that begin of the yr.

    Asian inventory markets acquired off to a greater begin on Thursday, with Japan’s benchmark Nikkei 225, South Korea’s KOSPI and Hong Kong’s Cling Seng Index every rising greater than 0.5 % in early buying and selling.



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