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17/04/2025 01:31 AST
President Donald Trmp said negotiators made "big progress" after a meeting with a Japanese delegation on Wednesday aimed at securing a deal that would avoid higher levies he has threatened against US trading partners.
"A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress," Trump wrote in a post to his Truth Social network.
Trump earlier in the day had said he would personally attend the talks, which were led by the US Treasury and Commerce Departments.
Japan's economic revitalisation minister Ryosei Akazawa arrived in Washington to conduct the negotiations.
Foreign capitals are racing to negotiate deals with the US to avert high import taxes Trump imposed - and then quickly paused - on about 60 trading partners.
The negotiations with Japan are being closely watched, offering a test case for other nations uncertain over what concessions Trump will seek to extract in exchange for trade agreements.
Treasury Secretary Scott Bessent has said Japan, a military ally, will likely be prioritised as the US deals with a flood of nations all looking to cut their own deals.
Bessent has said he envisions reaching agreements with Japan and other military allies to develop a collective effort to apply economic pressure on China.
Bloomberg
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
18/04/2025
The European Central Bank cut interest rates again Thursday amid fears that US President Donald Trump's stop-start tariff announcements could threaten growth across the eurozone.
Rate-setter
AFP
18/04/2025
Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the IMF's economic forecasts but no global recession is expected, the lender's managing direc
Reuters
18/04/2025
China will pay no attention if the US continues to play the "tariff numbers game," China's foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245 percen
Reuters
17/04/2025
The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty (TPU), says World Trade Organization's (WTO) Global Trade Outlook report.
Based
Trade Arabia
17/04/2025
The Pakistan Stock Exchange (PSX) on Thursday welcomed a delegation of Malaysian Shariah scholars and professionals as the country seeks to advance its Islamic finance sector and foster cross-border
Arab News
Financial Information Co.
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