Trump Strikes Japan Tariff Deal
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9hon MSN
Japanese Prime Minister Shigeru Ishiba denied reports he plans to announce his resignation over a historic defeat of his ruling party in a weekend election.
Japan’s Ishiba says he will decide on resignation over election loss after studying US tariff deal
With the tariff deal with the US paving the way for his possible departure, Japanese media said he is expected to soon announce plans to step down in August.
President Trump's new trade deal with Japan includes a 15% tariff on exports to the U.S., up from earlier rates. CBS News MoneyWatch correspondent Kelly O'Grady breaks down how this could impact major automakers.
The U.S.-Japan trade deal was giving Wall Street a boost on Wednesday morning amid hopes that it could lead to a tariff breakthrough with other countries ahead of President Donald Trump's Aug. 1 deadline,
Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector.
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