Commercial Agreement US-JAPAN: US President Donald Trump announced a trade agreement with Japan on Tuesday because the country raced to ink agreements with America before the deadline of the 1st August tariff.
Japan will pay the tariff 15 % for goods imported in the US, Trump said. This includes tariffs on the import of an automatic car.
It is a significant decline in 25 % of tariffs that Trump threatened to save from 1 August, according to his letter to the Japanese Prime Minister Shiger Ishiba.
- He also responded positively to the news and strengthened to 146.20 per dollar compared to almost 148 on Tuesday.
- Oil prices were set up on Wednesday in early trading after three consecutive sessions as a result of the US-Japan trade agreement, while Brent Crude Futures increased by 33 cents, ie 0.48 %, to $ 68.92 per barrel of 0023 GMT.
- Gold prices were alleviated on Wednesday because the business agreement on the American Japan has stimulated risky appetite among investors. According to Reuters report, it dropped to point gold by 0.2 % to $ 3,423.44 per ounce, since 0136 GMT.
(With the entry from agencies)
(Tagstotranslate) Trade Agreement on US-Japan (T) Donald Trump
