Reported 1 day ago
The recent trade deal between the US and Japan has significant implications for global trade discussions, particularly affecting sectors like automotive, defense, and consumer goods. Analysts note that while the deal boosts expectations for further agreements with other allies, it may also lead to rising tariffs affecting US consumers. The deal's impact is more pronounced in Japan, with stock values of companies like Toyota surging, while concerns about the effective tariff rate on consumers are growing, especially in light of a weakening dollar.
Source: YAHOO