US-Japan deal brings tariff clarity: 15% cap averts August duties; EU and China face pressure as next deadlines loom
Thursday, 24 July 2025 () A US-Japan trade agreement, capping auto and goods tariffs at 15%, is setting a new standard for global trade negotiations. Economists believe this benchmark could influence ongoing talks with the EU and China, who face imminent deadlines to avoid higher tariffs. The deal has boosted market confidence, particularly among automakers, and eased long-term US inflation expectations.
President Donald Trump announced a “massive” $500 billion trade agreement with Japan, calling it the “largest deal ever made.” Trump claims the deal will create hundreds of thousands of U.S. jobs, open Japanese markets for American cars, trucks, rice, and agriculture, and include key projects...
In a major setback for peace in Eastern Europe, the Kremlin has poured cold water on any hopes of a Zelensky–Putin summit in the next 30 days. Kremlin spokesman Dmitry Peskov declared the meeting..
Donald Trump made a futile attempt at defending a falling Dollar while gaggling with the Press before travelling to Scotland for a meeting with UK PM Keir Starmer. Trump said that a 'Weak Dollar earns..
Trump’s decision to withdraw the U.S. from UNESCO has sparked backlash, with China accusing Washington of abandoning its global responsibilities. Beijing has pledged continued support for UNESCO and..
Thursday, 24 July 2025 ()
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