Barcelona to play Japan friendly
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Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.
The U.S. found out this year that China could use its chokehold on rare-earth minerals as a coercive tool. For Japan, it was déjà vu: It had been the victim 15 years earlier.
The deal imposes 15% tariffs on Japanese cars and other goods, one of the more favorable rates. While the start date and other basic elements are still unknown, Treasury Secretary Scott Bessent warned this week that the US would monitor implementation and bump the rate up to 25% if Trump isn’t satisfied.
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An urban explorer has uncovered a hauntingly preserved resort town in Japan, where towering hotels sit crumbling along a riverside cliff. It’s been untouched for over three decades, according to reports.
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Sanseito is most popular among 18 to 39-year-olds, with men favouring the party more than women, according to a poll conducted by public broadcaster NHK, a trend increasingly seen among support for right-wing parties in democracies worldwide.
Japanese Prime Minister Shigeru Ishiba signaled he intends to stay in office despite a growing number of calls within the ruling party for him to step down after an election setback last week.
Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.
After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.
U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors,
Under the US-Japan deal, which US President Donald Trump referred to as “the biggest deal ever made”, the Americans have agreed to impose 15 per cent reciprocal tariffs, compared to the 25 per cent the US had threatened earlier last week.