|

Trump possibly turning an eye towards Japan - WSJ

As reported by the Wall Street Journal, US President Donald Trump may be gearing up to get into another trade row amidst a deepening trade war with China, this time with Japan, as noted by a reporter for the WSJ who received a phone call from the US president.

Key quotes

"People inclined to believe that the President is crazy should pause before accepting such diagnoses from journalists without medical degrees quoting anonymous non-doctors in the federal bureaucracy. But investors hoping for a quick end to the Trump trade debates may have reason to be nervous.

(in) a gracious phone call from Mr. Trump in which the President sounded very stable but unfortunately also still very focused on eliminating trade deficits with America’s trading partners.

Such deficits often correlate with a thriving economy like the one we have now. We are buying stuff we need or want from other countries and if it’s more than they choose to buy from us, they use the difference to invest in America. Thank goodness that due to the policies of Mr. Trump and many of his predecessors, the world still loves to invest in the United States.

But the President sees a problem and even if he wraps up negotiations with our friends in North America and Europe, the trade uncertainty won’t necessarily end. It seems that he is still bothered by the terms of U.S. trade with Japan. Mr. Trump described his good relations with the Japanese leadership but then added: “Of course that will end as soon as I tell them how much they have to pay.” "

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Editor's Picks

AUD/USD jumps to 0.7050, fresh one-month top after hot Australian CPI

AUD/USD attracts buyers for the second straight day on Wednesday, rising to a fresh high since September 23 during the Asian session. A hot Australian CPI print reaffirmed bets for an imminent RBA rate hike in November and boosted the Australian Dollar. Meanwhile, the US Dollar pauses after a three-day rally to a near two-week high ahead of the crucial FOMC rate decision, lending additional support to the currency pair.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold rises above $4,050 ahead of Fed rate decision

Gold price jumps to around $4,065 during the early Asian session on Wednesday, bolstered by lower oil prices. Traders await the Federal Reserve's policy meeting later on Wednesday for signals on ‌the future path of US interest rates.



Ethereum ETFs near record monthly outflows as ETH tests $2,310
Ethereum (ETH) held steady on Tuesday, consolidating at $2,340, just above $2,300 after last week’s decline. Three measures sit within about $18 of each other: ETH’s realized price at $2,310, the 200-day Exponential Moving Average (EMA) at $2,315, and the $2,328 average cost basis of wallets holding 1K-10K ETH.
FOMC outlook: Why keeping rates unchanged might not be enough
Tomorrow's FOMC meeting could be quite interesting, even if the Federal Reserve decides to leave interest rates unchanged. According to the latest market expectations, there is currently a 92.8% probability that rates will remain at 3.75–4.00%, while the probability of another 25 basis point increase stands at just 7.2%.
Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid
Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.