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Asian Markets Boosted By 'Big Progress' In Japan Tariff Talks

Markets
International Business Times Fews App News Provider
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Governments are looking to strike trade deals with Washington to temper the impact of Donald Trump's tariff blitz AFP Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment. Investors are keeping a nervous eye on Washington for the next three months as governments scramble to cut deals to avert crippling tariffs unveiled by the US president on his April 2 "Liberation Day" but delayed for 90 days. With Japanese companies the biggest investors into the United States, Tokyo's negotiations are of particular interest to markets -- with some describing it as the canary in the mine -- and traders took heart from early signs.

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