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).
Ford and GM face tariffs of 50% on steel and copper and tariffs of 25% on auto parts they source from Mexico and Canada.
Japan can import their finished cars for just 15% tariffs.
Toyota stock jumped 13% on the announcement. This is what Trump calls winning.