Trump announces tariffs of “only” 15% on Japanese imported goods, and the market jumps.
Source: TradingEconomics.
Subsequent accounts note the optimism that a deal with the EU will entail tariffs of “only” 15%. Time consider what the effective tariff rate will be, incorporating this “deal” (which is only as good as the virtual paper it’s written on, given Trump’s predilection for fickleness).
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