'Far less punitive than was feared': Japanese auto stocks soar after Trump unveils trade deal
MSNBCยท2025-07-23 04:25
Time now for money, power, politics. And today, the White House announced new trade deals with Japan and the Philippines and a trade framework with Indonesia without too many details. Both Philippines and Indonesia will now be subject to 19% tariffs, while the president says Japan will face reciprocal tariffs of 15%.But not everyone is happy with those with that news. Reuters reports a group representing the Detroit 3 automakers called it a quote bad deal for US industry and US auto workers. Both GM and Sta ...