The United States has reduced the 25 percent extra tariff on steel imports from Japan that was imposed by the Trump administration.Under the new 232 tariff agreement reached with Japan on Monday, around 1.25 million metric tonnes of Japanese steel products will be allowed to enter the U.S. market a year without the application of Section 232 tariffs.Announcing the deal, Secretary of Commerce Gina ...
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.