About This Trend
The trend is about the recent agreement on tariffs between the United States and Japan, as well as other countries, particularly Indonesia and the Philippines, which has led to a significant impact on the global economy and financial markets.
According to Bloomberg, the US and Japan have agreed on a 15% tariff, with US President Trump announcing the agreement on social media, stating that the deal is a major breakthrough. This development follows a series of negotiations and announcements from Trump and other world leaders about trade agreements and tariff rates, including the US and Indonesia agreeing on a 19% tariff rate. The agreement has led to significant movements in currency markets, with the dollar falling against the yen.