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US President Donald Trump signs order sealing Japan tariff deal with 15% rate -- Bloomberg
World FX news
Breaking news
US President Donald Trump signs order sealing Japan tariff deal with 15% rate -- Bloomberg
New
2025.09.05 07:48
2025.09.05 07:48
2025.09.05 07:48
US President Donald Trump signed an executive order implementing his trade agreement with Japan, which calls for a maximum 15% tax on most of Japan's imports, including automobiles and parts, Bloomberg reported late Thursday.
The White House further stated that Japan is working toward the expedited implementation of a 75% increase in US rice procurements.
The 15% tax applies retrospectively to most items shipped beginning August 7, when the US president's tariffs on dozens of trade partners went into effect. Relief for aerospace and automobile imports would take effect within 7 days after Thursday.
Market reaction
At the time of press, the USD/JPY pair was down 0.01% on the day at 148.48.
Tariffs FAQs
Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.
Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.
During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.
Last updated
: 2025.09.05
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PBOC sets USD/CNY reference rate at 7.1064 vs. 7.1052 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1064 compared to the previous day's fix of 7.1052 and 7.1052 Reuters estimate.
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2025.09.05 10:15US President Donald Trump warned of 100% tariffs on foreign chip imports unless firms build in US
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2025.09.05 09:41US President Donald Trump prepares to start North American trade deal renegotiation -- WSJ
US President Donald Trump's administration is set to begin renegotiating the United States (US)-Mexico-Canada free trade deal, the Wall Street Journal reported on Thursday.
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2025.09.05 09:29NZD/USD strengthens to near 0.5850 ahead of US NFP data
The NZD/USD pair attracts some buyers to around 0.5850 during the early Asian session on Friday. The softer-than-expected US job data continue to weigh on the US Dollar (USD). All eyes will be on the US Nonfarm Payrolls (NFP) report for August, which is due later on Friday.
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2025.09.05 09:20Fed's Goolsbee: Labor market might be deteriorating
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that US labor market might be deteriorating, adding that there is a bit of wait-and-see because of uncertainty.
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2025.09.05 08:30USD/JPY holds steady near 148.50, all eyes on US NFP release
The USD/JPY pair flat lines near 148.50 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the crucial US economic data. The highly anticipated Nonfarm Payrolls (NFP) for August will take center stage later on Friday.
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2025.09.05 08:16USD/CHF Price Forecast: Steady near 0.8050, awaiting NFP data
The USD/CHF remains steady at around the 50-day Simple Moving Average (SMA) of 0.8051, consolidates at around the 0.8050-0.8100 figure for the fourth straight day. At the time of writing, the pair trades at 0.8056 up 0.01%.
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2025.09.05 07:56US President Donald Trump signs order sealing Japan tariff deal with 15% rate -- Bloomberg
US President Donald Trump signed an executive order implementing his trade agreement with Japan, which calls for a maximum 15% tax on most of Japan's imports, including automobiles and parts, Bloomberg reported late Thursday.
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2025.09.05 07:47GBP/USD settles into holding pattern ahead of key US NFP jobs data
GBP/USD slowed to a crawl on Thursday, remaining stuck close to 1.3430 after a volatile showing through the week's earlier sessions. US Nonfarm Payrolls (NFP) are always a high-impact affair, but this Friday's US jobs showdown has taken on an even greater importance than usual.
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2025.09.05 06:54EUR/USD slips to 1.1640 as US labor woes boost Dollar ahead of NFPs
The EUR/USD retreats after reaching a weekly high of 1.1736 on September 1, as economic data from the US drives the Dollar higher against the shared currency, which witnessed a soft Retail Sales report. The pair trades at 1.1640, down 0.12%.
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2025.09.05 06:43Disclaimer:
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