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Trump Threatens Major Tariffs Amid Japan Trade Doubts

7/5/2025

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Trump Threatens Tariffs

President Trump cast doubt on securing a trade deal with Japan ahead of the looming July 9 tariff deadline, threatening steep tariffs of 30-35% on key imports like rice and cars. With Japan's economy heavily dependent on U.S. exports, the stakes are high, and upcoming elections may further complicate their willingness to negotiate.

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Carney Negotiates Trade

Canada's stock index took a hit as investors braced for U.S. trade uncertainties with a looming July 9 tariff deadline. Prime Minister Mark Carney and President Trump are racing against time to secure a trade deal by July 21. In the backdrop, Canada's trade deficit shrank to $5.9 billion in May, as exports to the U.S. fell for the fourth consecutive month.

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Trump Threatens Tariffs

President Trump cast doubt on securing a trade deal with Japan ahead of the looming July 9 tariff deadline, threatening steep tariffs of 30-35% on key imports like rice and cars. With Japan's economy heavily dependent on U.S. exports, the stakes are high, and upcoming elections may further complicate their willingness to negotiate.

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