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International Business Times
International Business Times
Business

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks

Donald Trump Japan Trade United States Ryosei Akazawa US Federal Reserve China Jerome Powell Scott Bessent Shigeru Ishiba
This year, US President Donald Trump has imposed an additional 145 percent tariff on many goods from China (Credit: AFP)

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

Trump is banking that his tariffs will lead to a bonanza of beneficial trade deals, lowering barriers to US products and shifting global manufacturing to the United States.

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