US President Donald Trump says “big progress” was made in his meeting with a Japanese trade delegation. Tokyo’s top negotiator says more talks will take place this month.
Hermes shares dropped after the French luxury-goods maker’s first-quarter sales slightly undershot analyst estimates, stoking worries that even companies exposed to the wealthiest clients could be susceptible to a slowdown in demand for high-end items. The company will increase prices in the US as of May 1 to compensate for the impact of new tariffs. Meanwhile, Taiwan Semiconductor Manufacturing Co.’s net income and gross margin beat estimates. The world’s biggest chipmaker also kept its growth outlook for 2025 on expectations of AI revenue doubling, despite growing trade worries.
Today’s guests: Nataliia Lipikhina, JP Morgan Private Bank; Isabelle Job-Bazielle, Credit Agricole; Sue Duke, LinkedIn (Source: Bloomberg)
https://www.bloomberg.com/news/videos/2025-04-17/trump-big-progress-in-japan-tariff-talks-the-pulse-video
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2025-04-17T10:14:45.000Z