US-Japan tariff deal still ‘negative’ for trade, say analysts
- The US-Japan trade deal cuts tariffs on Japanese goods to 15%, still much higher than pre-trade war levels
- Analysts expect little positive impact on container shipping or freight rates, given modest trade volumes and weak demand
- Inclusion of auto sector into US tariff cuts could expand to other trading partners, which will benefit car shipping, but overall market outlook remains subdued
US-Japan trade agreement lowers tariffs on Japanese goods to 15%, but analysts expect little boost for shipping markets or demand, given higher-than-previous tariffs and subdued trade volumes
