Trump’s Japan Trade Deal
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President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.
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.
European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.
Asian shares rose Thursday, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals. Japan's Nikkei 225 surged nearly 2% to 41,983.50. The Shanghai Composite Index added 0.
WASHINGTON, D.C. (Gray Media Iowa State Capitol Bureau) -- U.S. Senator Chuck Grassley, the lowa Republican from New Hartford, praised President Donald Trump on Wednesday for the work this year on securing new trade agreements with other countries.
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 and the Maldives are in discussions to negotiate a free trade agreement and an investment treaty, Indian Foreign Secretary Vikram Misri told reporters on Tuesday.