Japan, Trump and Tariff
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Trump, Tariffs and Foreign
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President Donald Trump announced a trade agreement with Japan on Tuesday, making it the largest U.S. trade partner to broker an accord as the White House threatens to impose tariffs on dozens of countries within days.
As the EU digs in, President Trump announced two more deals and finalized a third, most notably a pact with Japan. “I just signed the largest deal in history with Japan," Trump
Brazil’s onerous taxes and political turmoil make investors wary, but an international court ruling could change their minds.
Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
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Equinor (NYSE:EQNR) shares waver between modest gains and losses after saying it booked $955M in impairments related to its U.S. offshore wind projects due to regulatory changes affecting the offshore wind industry in the country and increased exposure to tariffs.
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
Rising summer temperatures drove Saudi Arabia to become Russia's largest seaborne fuel oil customer in June, allowing the kingdom to export more of its crude oil at higher prices.
OBAMA'S REBUKE: Former President Barack Obama’s office issued a rebuke of Trump yesterday over his accusation that his predecessor committed “treason” and rigged the 2016 and 2020 presidential elections.