Japan, Trump and trade deal
Digest more
4hon MSN
Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.
TOKYO/SEOUL (Reuters) -Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%, a move that stoked optimism about a similar agreement for Seoul and Brussels.