Source: economist.com
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Summary
The recent US-Japan trade deal has driven Asia-Pacific markets higher and is seen as a significant win for President Trump's aggressive tariff tactics. The deal avoids a 25% tariff on Japanese goods and is considered a positive development for global trade. However, the broader economic picture remains uncertain, and the impact of Trump's presidency on the US dollar is also being debated.
Key Points
- US-Japan trade deal avoids 25% tariff on Japanese goods
- Deal is seen as a win for Trump's tariff tactics
- Asia-Pacific markets open higher driven by trade developments