Reported 1 day ago
Bank of Japan Governor Kazuo Ueda cautioned that planned new U.S. tariffs could significantly impact global trade and economic growth. This warning comes just before President Trump is set to announce reciprocal tariffs, which could further strain trade relations following existing tariffs on aluminum, steel, and Chinese goods. Ueda emphasized the uncertainty surrounding the effects of these tariffs on trade activities and household spending, indicating that while short-term inflation may rise in the U.S., the long-term effects are unclear. Discussions on this topic are anticipated at the upcoming G20 meetings.
Source: YAHOO