Latest news with #USChinaDeal
Bloomberg
4 days ago
- Business
- Bloomberg
Rare Earths Deal Boosts Carmaker Shares
Global Market Strategist Anna Rathbun discusses the impact of a rare earths deal between the U.S. and China, and how the feud between Elon Musk and President Trump shook up Tesla shares. She speaks with Caroline Hyde and Ed Ludlow on 'Bloomberg Technology.' (Source: Bloomberg)
NHK
13-05-2025
- Business
- NHK
Financial markets cheer US-China tariff cuts
Financial markets are welcoming the announcement of a US-China deal that reduces fears of a full-scale trade war. The world's two biggest economies say they will significantly cut each other's additional tariffs and suspend some of them for a fixed period while continuing trade talks. The agreement sparked a surge of buying on Japan's stock market. The benchmark Nikkei 225 closed on Tuesday at 38,183, up 1.4 percent, extending its winning streak for four trading days. The gains in Tokyo follow a sharp rebound in New York equities on Monday, with the major indexes all gaining. The Dow Jones Industrial Average surged by 2.8 percent from Friday's close. Investors also bought the dollar. The US currency briefly climbed to the mid-148 level against the Japanese yen, the highest in about one month. Officials in Japan's government are now said to be analyzing the Washington-Beijing deal as they prepare for their own third round of tariff talks with the US. Japanese Trade Minister Muto Yoji says the government will closely monitor developments. Muto says: "I'd like to refrain from making a prejudgment on how the situation of other countries' talks will affect the negotiations between Japan and the US. The government will make the utmost effort to reach an early agreement while protecting Japan's national interests." Meanwhile, some Japanese officials take the view that Washington may be shifting its tariff strategy amid concern it may slow the US economy.
NHK
13-05-2025
- Business
- NHK
Financial markets cheer US-China tariff reprieve
Financial markets are welcoming the announcement of a US and China deal that reduced fears of a full-blown trade war. The world's two biggest economies say they will cut some import tariffs for a fixed period and continue trade talks. The agreement sparked a surge of buying on global stock markets, including in Japan. The benchmark Nikkei 225 briefly rose more than 800 points or about 2 percent on Tuesday morning. The gains in Tokyo follow a sharp rebound in New York equities on Monday, with the major stock indexes all gaining. The Dow Jones Industrial Average surged 1,160 points, or 2.8 percent, from Friday's close, ending the day at 42,410. Technology-related shares led the surge to lift the Nasdaq by more than 4 percent. The Dow last traded above the 42,000 mark on April 2nd, or before US President Donald Trump announced what he calls reciprocal tariffs on global trading partners. Investors also bought the dollar. The US currency climbed to the mid-148 level against the Japanese yen at one point, or the highest in about one month. Japan prepares for trade, tariff talks with US Officials in Japan's government are now said to be analyzing the Washington-Beijing deal as they prepare for their own third-round of tariff talks with the US. Japanese Trade Minister Muto Yoji says the government will closely monitor developments. "I'd like to refrain from making a prejudgment on how the situation of other countries' talks will affect the negotiations between Japan and the US," he said in a news conference. "The government will make the utmost effort to reach an early agreement while protecting Japan's national interests." Meanwhile, some Japanese officials take the view that Washington may be shifting its tariff strategy amid concern it may slow the US economy.
NHK
13-05-2025
- Business
- NHK
Japan to analyze US-China trade deal ahead of next round of tariff talks
The Japanese government plans to analyze the latest US-China trade deal to prepare for its third round of tariff talks with the United States. Prime Minister Ishiba Shigeru told the Diet on Monday that Japan will seek an agreement with the US that will serve the national interests of both sides. Ishiba said each country has its own strong and weak sectors, and it is important for Japan and the US to cooperate for a better result. Japan's tariff negotiator, Economic Revitalization Minister Akazawa Ryosei, said Japan will protect what it needs to protect in negotiating with the US. He said the government will go all-out in unity and continue giving top priority to the negotiations in order to obtain a deal with maximum benefits for Japan. Under the US-China deal, both sides will cut their additional tariffs by 115 percentage points. The agreement was announced on Monday following high-level trade talks in Switzerland. Some Japanese government officials say the deal should be welcomed if it results in calming financial markets. Some are also guessing that Washington might be shifting its policy after seeing the impact of the tariffs on the US economy. The government plans to scope out the US strategies for the trade talks, by studying the agreement with China, as well as an earlier US deal with Britain.
Fox News
12-05-2025
- Business
- Fox News
Tudor Dixon: Republicans Had No Doubt Trump Would Achieve A Breakthrough With China
Former Michigan GOP gubernatorial candidate Tudor Dixon joins Fox Across America With Jimmy Failla to give her take on the significance of the U.S. and China reaching a deal to lower tariffs for 90 days. PLUS, check out the podcast if you missed any of Monday's show!
