• Japanese will finance projects as part of deal. US will choose projects for financing.
  • It's equity, loans and loan guarantees. Japan will be the banker, not the operator.
  • 15% tariff is right on the edge for producing cars in Japan
  • The Japan deal could be a model for an EU trade deal.
  • If EU accepts US products and standards, it will move Trump.
  • Trump is looking for EU to completely open their market.

Interesting comment about the EU deal but that's something that was already expected I think. It's very unlikely that the EU will accept anything above 20% and the US anything below 10%. So we have this 10-20% range in terms of expectations.

The market might like anything in that range (the lower the better), so we can go on without tariffs uncertainty.

Source: Forex Live