๐ Japan & US in Fresh Trade Talks โ Big News Ahead! ๐ค๐บ๐ธ๐ฏ๐ต
Japan has confirmed new trade talks with the US, hoping to strike a deal before July! ๐๏ธ If not, Japan faces a 24% tariff on exports ๐ข๐ธ. PM Shigeru Ishiba may meet Donald Trump at the G7 Summit to finalize this agreement ๐ค.
๐ฉ The US also approved Nippon Steelโs $14.9B bid for US Steel ๐๏ธ, a move raising national security questions. But the deal includes $11B in investments by 2028 and a "golden share" for the US government ๐ก๏ธ.
๐ Japan is also working with the US to reduce reliance on China for rare earth magnets used in EVs and missiles โ๏ธ๐.
This collaboration could reshape global supply chains and strengthen US-Japan economic ties! ๐๐ผ