The USA and Japan Ink a Trade Deal and Markets Cheer - Investors See the EU as Next
U.S.-Japan deal still leaves Japan facing a 15% tariff…
Highlights
• U.S.-Japan deal still leaves Japan facing a 15% tariff…
• …while rumors swirl of an EU deal and an extended truce with China
• Economists have increased their recession odds
• Wall Street strategists have radically changed their projections
Key Takeaways
• Japan Makes Big Concessions to Get a Deal: The big news overnight was this big beautiful trade deal between the United States and Japan — which the President boasts will include $550 billion of Japanese investments. Japan agreed to buy 100 Boeing aircraft, purchase American agricultural products, and hike defense spending via contracts with U.S. firms. What did Japan get back? A 15% tariff rate (including autos) instead of 25%.
Keep reading with a 7-day free trial
Subscribe to Early Morning with Dave to keep reading this post and get 7 days of free access to the full post archives.