💨 Abstract

President Trump announced a trade framework with Japan imposing a 15% tax on imports. He claimed it would create jobs and have Japan invest $550 billion in the U.S. Trump also revealed frameworks with the Philippines and Indonesia, imposing 19% tariffs, while boosting bilateral trade talks with Europe and China. However, uncertainty persists about the tariffs' impact on consumer prices and market stability. A detailed breakdown of the tax structure for specific goods, like autos, remains unclear.

Courtesy: WTOP Staff