Trump signed a tariff agreement with Japan
The USA also reached agreements with the Philippines
The cryptocurrency market reacts weakly to the news
Japan will invest $550 billion in the USA and will face 15% tariffs on imports, opening its markets to American cars and agricultural products. The yen initially strengthened on this news.
Trump also concluded a trade agreement with the Philippines. This is his fourth deal after the United Kingdom, Vietnam, and Indonesia. The USA will impose 19% reciprocal tariffs on Philippine goods (reduced from the threatened 20%), while the Philippines will eliminate all tariffs and fully open its markets to American imports, emphasizing the USA's dominance in the negotiations.
It is worth noting that in April 2025, amid the height of Trump's tariff war, Bitcoin fell to $76,000 at one point. Resolving agreements with countries may reduce risks for the financial market.
