Trump Announces ‘Massive’ Trade Deal With Japan
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The agreement has drawn strong support from Indian policymakers and industry leaders who believe it will boost trade, investment, and strategic cooperation. | ITV National News
European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.
President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.
The agreements have been overshadowed by U.S. firms issuing warnings about how the tariffs will affect their bottom lines and prolong uncertainty in the U.S. economy.
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Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.
India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway.