Trump says it’s the largest deal in history:
He is seeking to reassure us that it is a deal, and not baloney like all previous announcements have been :
- says just signed the largest trade deal in history with Japan
- says great deal for everybody
- says a lot different from the deals in the past
- Japan forming joint venture with US in Alaska
What remains unknown
- did Japan get relief on the 25% auto tariff?
- did Japan get relief on the 50% steel tariff?
- did Japan get relief on any promises on the coming semiconductor tariff?
Questionable also:
- Japan has been interested in the Alaska LNG project for a long time already
- Japan routinely invests large sums in the US and elsewhere out of the earnings from its existing FDI
Equity indexes are happy, they’ve been rising and remain higher.
The yen, not so much, its spiked higher (USD/JPY lower) but has since given it all back.
For traders, whether the news is b/s or not, there are trading opportunities. albeit in this markets still.
This article was written by Eamonn Sheridan at investinglive.com.
