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Gold Drops as US Deal With Japan, EU Talks Ease Trade Concerns
Gold dipped after a three-day rally as US President Donald Trump’s deal with Japan and a report on progress over talks with the European Union allayed trade war concerns that have stoked demand for haven assets. Bullion retreated as much as 1.4% after Trump said he would impose 15% levies on goods from Japan, while the Financial Times reported that the US and EU were closing in on a similar deal. The terms with Japan were better than most investors expected, following fraught negotiations. Commerce Secretary Howard Lutnick said earlier that Japan’s pledge of hundreds of billions in US investments “could be” a ... (full story)
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Trump Trade Adviser Navarro on US-EU deal report: Take it with a grain of salt.
From channelnewsasia.com | Jul 23, 2025
US President Donald Trump has struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods, in exchange for a US$550 billion package of US-bound investment and loans. Trump on Tuesday (Jul 22) hailed the "massive" deal with Japan as "perhaps the largest deal ever made". "#Mission Complete," ...
US and EU close in on 15% tariff deal - FT https://t.co/P6UHXLy3ol BRUSSELS COULD AGREE TO THE SO-CALLED RECIPROCAL LEVIES TO AVOID THE US PRESIDENT’S THREAT TO RAISE THEM TO 30 PER CENT FROM AUGUST 1 - FT US AND EU WOULD WAIVE TARIFFS ON SOME PRODUCTS, INCLUDING AIRCRAFT, SPIRITS AND MEDICAL DEVICES- FT BLOC WILL CONTINUE TO PREPARE A POSSIBLE €93BN PACKAGE OF RETALIATORY TARIFFS, SET AT UP TO 30%, IN CASE THEY CANNOT AGREE A DEAL BY AUG 1- FT
