U.S. President Donald Trump has accused Japan and China of reducing the value of their currencies, calling it unfair to the United States. Trump suggests that tariffs could counteract this disadvantage. Japan denies taking direct actions to weaken the yen, emphasizing its adherence to agreements on currency policy with G7 and G20 countries.
IT stocks slide up to 3% as market rout deepens on trade war jitters
Trump’s proposed 25% tariffs on goods from Canada and Mexico, along with a cumulative 20% levy on China, are set to take effect at 10:31