The Asia Trade 7/21/2025
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18 minutes ago
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Trump claims he's made a ‘massive' trade deal with Japan
President Donald Trump boasted Tuesday that he had made a 'massive' deal with Japan that would generate 'thousands of jobs' and billions of dollars for the U.S. The president announced the trade framework – 'perhaps the largest Deal ever made' – in a Truth Social post Tuesday, revealing that a 15 percent tax on goods imported from Japan had been agreed. In the post Trump said Japan would invest 'at my direction' $550 billion into the U.S. and would 'open' its economy to American-made vehicles as well as 'rice' and 'other things.' But further details remained scant. The 15 percent tax on imported Japanese goods is a significant drop from the 25 percent rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting on August 1. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,' the president posted on Truth Social, adding that the United States 'will continue to always have a great relationship with the Country of Japan.' 'This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to this matter!' Early Wednesday in Tokyo, Japanese Prime Minister Shigera Ishiba confirmed the new trade agreement, saying it would benefit both sides and help them work together. 'The government was determined to protect national interests,' Ishiba told reporters, per the Wall Street Journal. Trump's announcement appeared to excite investors, with the benchmark Nikkei – the Tokyo stock market – climbing 2.6 percent to its highest in a year, with shares of automakers also surging. Toyota grew by more than 11 percent, with Honda and Nissan both up more than 8 percent. But American automakers were less buoyed with the deal, with concerns raised over low import levies from Japan, compared to tariffs on imports from Canada and Mexico remaining at 25 percent. Matt Blunt, head of the American Automotive Policy Council, said, "Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American-built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers.' Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Australia outlines new complete monthly CPI, in relief for policy makers
SYDNEY (Reuters) -Australia's statistician on Wednesday provided more detail on the introduction of a new complete monthly consumer price index that will bring the country in line with its global peers and allow for more timely decisions by policy makers. The new series, which starts on November 26, will be a huge relief to the Reserve Bank of Australia, which has long complained that the current quarterly CPI made it hard to know where inflation was heading in real time. The central bank paused its rate cut cycle this month in large part to await the CPI report for the second quarter due on July 30. If that shows core inflation slowing as expected, markets fully assume the RBA will cut rates again in August. "The transition to a complete, internationally comparable Monthly CPI as Australia's primary measure of headline inflation will provide better information for monetary and fiscal policy decisions that have a direct impact on all Australians," said Australian Statistician David Gruen. The Australian Bureau of Statistics updated its website to include details of the new complete CPI, which will be released on the last Wednesday of every month following the reference month. The exception being the coming November report which will be out on January 7. The new series will replace the current monthly CPI, which only covers some of the prices included in the quarterly release and tends to be volatile. The new CPI and various measures of core inflation, including the closely watched trimmed mean, will go back to April 2024, the point when the ABS increased the frequency of price collection. Previously, only around half of the CPI basket of goods and services was collected monthly. Mock data tables that illustrate the format, structure, and content of the files will be published in September. The ABS will continue to produce a quarterly CPI data series for those needing quarterly figures for indexation, contract or other purposes. The full ABS release can be found at: Sign in to access your portfolio
Yahoo
18 minutes ago
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ETO Markets: Where Real Connections Drive Real Trust
SYDNEY, July 23, 2025 /PRNewswire/ -- ETO Markets recently hosted the ETO Markets Tennis Cup in Sydney — a day not just for sport, but for genuine connection. As the tournament's official sponsor, ETO Markets gathered partners and traders from across the Asia-Pacific region. It wasn't just to compete, but to connect. The event reflected a core philosophy ETO Markets has held since day one: people first, always. On and off the court, what stood out were the genuine conversations, laughter, and shared experiences — moments that reminded everyone why real connections matter. As Gabriel, an attendee from the Philippines shared: "It's rare to see a business that speaks our language." Throughout the day, conversations unfolded in multiple languages, from English, Chinese and French to Vietnamese, Thai, Cantonese and more, reflecting the diversity of the community ETO Markets serve. Another guest, Emily, remarked: "You can tell their services are built around real people. Everything felt thoughtful — from their global presence and Australian regulatory framework to how responsive their team is. It feels like they've really thought through every detail." These moments speak to who ETO Markets are. Founded in Australia and trusted worldwide, ETO Markets has had the privilege of supporting clients in over 120 countries and regions for more than 12 years. From multilingual service to seamless funding, a diverse range of over 300 investment products, and reliable infrastructure, ETO Markets remains focused on meeting real client needs. The thoughtful feedback from guests affirmed the care ETO Markets brings to every interaction — during events and in our everyday work. The tournament may be over, but the journey is far from finished. At ETO Markets, the belief remains that beyond performance and platforms, it's the people and the relationships that truly matter. As ETO Markets continue to grow, it remains focused on creating authentic, long-term partnerships, while opening the door to new opportunities in a more accessible, inclusive, and human-centered future. Email: info@ LinkedIn: Facebook: Instagram: View original content to download multimedia: SOURCE ETO Markets
