On July 23, US stock markets showed gains, particularly the Dow Jones, which surged 370 points, thanks to positive trade news with Japan and upcoming negotiations with the EU.
Indices Strengthen Amid Trade News
In addition to the Dow Jones’ 0.84% gain, the S&P 500 was up 0.44%, while the Nasdaq saw a modest increase of 0.14%.
Trade Agreements Between the US and Japan
The trade deal between the US and Japan, reached after several months of discussions, will impose a 15% tariff on goods imported from Japan, lower than the previously threatened 25%. Japan will reciprocate by opening its market to US goods, including cars and agricultural products.
Changes in Trump's AI Policy
President Trump also unveiled a new action plan for artificial intelligence, diverging from former President Joe Biden's export limitations on advanced AI chips. The new policy incorporates restrictions on AI models with 'ideological biases' built in by developers.
The rise in stock markets and advancements in trade highlight positive changes in economic relations between the US and Japan, as well as the potential strengthening of ties with the European Union.
