USA's President Donald Trump claims that "great progress" has been made in meetings with Japan's envoy on the tariff issue at the White House. Of course, the talks are not easy, says Japanese Prime Minister Shigeru Ishiba in Tokyo.
BusinessJapan has appointed a negotiator who, starting today, is in the USA to negotiate about Trump's new tariffs. President Donald Trump writes on Truth Social that he personally will participate in the negotiations.
BusinessThe Trump administration plans to utilize tariff negotiations to pressure other countries to isolate China, reports The Wall Street Journal, citing sources.
BusinessChina is to raise tariffs on goods from the USA to 125 percent. At the same time, Beijing says it will ignore further hikes from the American side – and wants to unite with the EU against the USA.
BusinessThe USA is pausing tariffs for 90 days for countries that have not introduced retaliatory tariffs against the country, writes President Donald Trump on Truth Social. According to the White House, the pause is "universal" and thus also applies to the EU.
BusinessLong American market interest rates have turned sharply upwards after the Trump administration's tariff shock last week. If it holds, support purchases by the USA's central bank Federal Reserve (Fed) will be required to avoid a crisis, warns the major bank Deutsche Bank – a heavy market player.
BusinessChina raised the new tariffs on goods from the USA to 84 percent. The USA's President Donald Trump in turn raised the tariffs on Chinese goods to 125 percent. The WTO warns that trade between the two countries may decrease by 80 percent.
BusinessThe New York stock exchange rose sharply in Tuesday's initial trading, but the leading indexes then fell back – significantly. At closing, the broad S&P 500 index had fallen 1.6 percent, Nasdaq's composite index 2.2 percent, and the Dow Jones industrial index 0.8 percent.
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