Japan Faces Trade Uncertainty
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GBP/USD is having a tough time reclaiming 1.3500 on Tuesday as markets adopt a cautious stance. In the absence of high-tier data releases, investors refrain from taking large positions, while keeping an eye on Trump-Powell drama and US tariff talks.
Japanese Prime Minister Shigeru Ishiba's governing coalition lost its majority in the upper house of parliament, but Ishiba said he's not going anywhere
Japan’s top trade negotiator Ryosei Akazawa said he’s aiming to visit Washington next week to continue efforts to win tariff concessions after talks on Saturday with US Treasury Secretary Scott Bessent didn’t touch on the issue.
Mireya Solís discusses how ‘Trump 2.0’ unleashed reciprocal/sectoral tariffs, weaponized national security, and recast tariffs as public-goods fees. She also examines stalled U.S.–Japan talks and urges Tokyo to diversify.
Japan's top tariff negotiator, Ryosei Akazawa, said on Saturday he planned to visit Washington next week to hold further ministerial-level talks with the United States. Tokyo hopes to clinch a deal by an August 1 deadline that will avert President Donald Trump's tariff of 25% on imports from Japan.