Donald Trump engaged in tariff discussions with a Japanese delegation, reporting "Big Progress" on Truth Social. Japan aims to reduce America's reciprocal tariffs, becoming one of the first nations in formal negotiations with the US. Other global leaders, including Italy's Prime Minister Giorgia Meloni, are also in Washington for similar talks.
Federal Reserve Chair Jerome Powell cautioned that Trump's tariffs could threaten the central bank's objectives of low inflation and strong employment. American stocks reacted negatively to Powell's statement, while the Nikkei 225 saw an increase after the US-Japan trade talks.