Japan, Trump and trade agreement
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JAKARTA: A trade agreement between Indonesia and the United States set to include provisions on personal data transfers has raised alarms about the potential undermining of Indonesia's data sovereignty.
The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.
India's new trade agreement with the UK marks a significant shift in its government procurement policy, allowing British firms extensive access to contracts. Seen as a move away from domestic industrial focus,
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.
President Trump's new trade deal with Japan includes a 15% tariff on exports to the U.S., up from earlier rates. CBS News MoneyWatch correspondent Kelly O'Grady breaks down how this could impact major automakers.
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.