Japan Trade Deal Sparks Equity Index Rally, But Earnings Knock Down Some Stocks
With the August 1st US tariff deadline approaching, the United States has entered into a new trade deal with Japan, under which Japan will invest $550 Billion in the US, open its market to US automobiles and agricultural goods, and a 15% tariff on Japanese goods, which, in fact, represents a tariff reduction for automobiles. The […]
Markets Digest Growing Tariff Threats
Yesterday, President Trump sent out letters to 14 countries, headlined by Japan and South Korea, threatening to raise tariffs starting on August 1st if new trade deals are not reached by then. This news knocked US indices down 0.8%-0.9% and put pressure on markets sensitive to the health of the global economy, particularly Copper. Today finds […]