International Analysis
U.S.-China Agricultural Trade: Soybeans, Tariffs, and Global Market Implications
In August 2025, U.S.-China trade negotiations resumed in Washington, with China’s Vice Minister of Commerce Li Chenggang and U.S. Trade Representative Jamison Greer engaging in intense discussions over soybean procurement, rare earth supplies, and semiconductor export restrictions. This round of tal
U.S. Tariffs Heighten Pressure on Japan's Economy, Complicating BOJ's Policy Decisions
Bank of Japan Board Member Naomi Nakagawa stated on August 28, 2025, that significant uncertainty remains regarding U.S. tariff policies and their impact on the Japanese and global economies. This uncertainty is emerging as one of the largest external risks to Japan’s economy, compelling the central
Inflation Signals Under Trump’s Tariff Pressures
Although the Trump administration’s “reciprocal tariffs” directly pushed up import prices, inflationary pressure has not erupted all at once in the short term but has emerged more gradually.Lower-than-expected effective tariff rates, optimized product structures, and inventory buffers have ease
90-Day Extension of US-China Tariff Truce: Short-Term Easing, Long-Term Risks Remain
On August 11, 2025, U.S. President Donald Trump signed an executive order extending the tariff pause on China for 90 days, which was originally set to expire that day. This decision means the tariff easing maintained since the May Geneva Joint Statement between the U.S. and China will temporarily co
Trump Demands Drug Price Cuts, Pharma Stocks Under Pressure: Opportunity or Risk?
On July 31, 2025, U.S. President Donald Trump sent formal letters to 17 global pharmaceutical giants, including Pfizer, Johnson & Johnson, Novartis, and AstraZeneca, demanding that they lower U.S. drug prices to the lowest levels among developed countries within 60 days. The letters also outlined mu
U.S.-China Trade Talks Resume — A Key Focus for Markets
On July 28, 2025, a new round of U.S.-China trade talks was held in Stockholm, the capital of Sweden. This marked the third meeting between the two sides in three months, following earlier talks in Geneva and London.
What You Need to Watch Regarding the Latest Trump Tariff Updates
What You Need to Watch Regarding the Latest Trump Tariff Updates
EU and US May Reach Trade Accord, Easing Tariff Tensions Ahead of Suspension Deadline
As the July 9 deadline approaches for the United States’ 90-day suspension of the “reciprocal tariff” policy, the EU and U.S. are intensifying trade negotiations in an effort to avoid an escalation in tariffs. As of June 17, 2025, the average effective U.S. tariff rate had dropped to 15.8%, down fro
Will US-China Tariff Relief Shift the Fed’s Policy Course?
The rollback of U.S.-China tariffs significantly reduces the risk of friction between the world’s two largest economies, easing global trade tensions
