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Wednesday, March 12, 2025Japan Fails to Secure U.S. Tariff Exemption; Negotiations to Continue at Working Level
Economy, Trade and Industry Minister Yoji Muto, right, shakes hands with U.S. Commerce Secretary Howard Lutnick in Washington on Monday. PHOTO: JAPAN ECONOMY, TRADE, AND INDUSTRY MINISTRY/THE JAPAN NEWSWASHINGTON – Economy, Trade and Industry Minister Yoji Muto said he has not received a commitment from the U.S. government to exempt Japan from the planned tariffs, following meetings with U.S. economic officials in Washington on Monday. Muto added that discussions would continue at the working
Friday, March 07, 2025Economy Hit an Air Pocket in January, Lowering 2025’s Growth Prospects
Monthly economic data disappointed in January, with declines in retail sales, auto sales, housing sales, and manufacturing production. A number of one-off drags weighed on the month: The LA wildfires, a bad flu season, and (likely having the largest impact) severe winter weather across much of the continental United States. Even as these headwinds faded in February, new drags appeared. The DOGE cuts to federal headcount and suspended payments for federal programs pushed up jobless claims, and will likely
Friday, March 07, 2025U.S. Delays Mexico, Canada Tariffs for 30 Days
Early Thursday, Commerce Secretary Howard Lutnick hinted that President Donald Trump was leaning toward delaying tariffs on Mexico and Canada. A few hours later, Trump proved he was at least half right. Trump on Thursday postponed the 25% tariffs – on most of the goods from Mexico – he imposed earlier in the week. The administration announced the 30-day pause amid fears of the economic fallout. At the same time, Lutnick said Canada may also get a reprieve, though no change was announced. Again, later
