Further reports of Trump to slam an extra 15% tariff on ALL Japan imports

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Further reports of Trump to slam an extra 15% tariff on ALL Japan imports.

Asahi newspaper citing White House official:

• U.S. to add 15% tariff on all Japanese imports
• U.S. will not apply exceptions to Japan for products that already have tariffs exceeding 15%

This news initially dropped just after the US close, in a time of very thin trading liqudiity:

• There are some reports that Trump is going to hit Japan with an extra 15% tariff, yen hit
• Yen has stabilised after massive news that Trump could slam Japan with extra 15% tariff

I posted then how we had seen this coming earlier in the week.

From Monday:

• Akazawa, said trade agreement between the US & Japan is not a legally binding commitment

Then this from Tuesday:

• Japan’s Akazawa is yet to confirm the tariff agreement with the US
• Akazawa is heading back to the US for more talks

JPY is taking another beating:

This article was written by Eamonn Sheridan at investinglive.com.

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