U.S.-Japan Trade Deal Reached... Trump: "15% Reciprocal Tariff" [3-Minute Brief]

[At a Glance]
① U.S.-Japan trade talks conclude... Tariff rate lowered by 10 percentage points from 25%
② ADB forecasts Korea's growth at 0.8% this year, 1.6% next year
③ July consumer sentiment hits highest level in 4 years

MARKET INDEX

○ All three major U.S. stock indices closed higher... S&P and Nasdaq hit record highs

○ U.S. and Japan reach trade agreement... Japan to invest $550 billion in the U.S.

○ Big Tech earnings season begins with Alphabet and Tesla

TOP 3 NEWS

■ Trump: "Negotiations with Japan... 15% tariff rate, opening of auto and rice markets"

○ Tariff rate lowered by 10 percentage points from the previous 25%

○ "Japan plans to invest 759 trillion won in the U.S."

○ Japan likely to participate in Alaska LNG project as well

■ ADB revises Korea's growth forecast for this year from 1.5% to 0.8%... Another downgrade in three months

○ Negative factors include a decline in construction investment and sluggish exports

○ Growth rate for next year projected at 1.6%

○ ADB expects domestic demand to gradually recover from the second half of the year

■ July consumer sentiment hits highest level in 4 years and 1 month... "Improved consumption and strong exports"

○ July Consumer Composite Sentiment Index (CCSI) at 110.8

○ Highest since June 2021 (111.1)

○ Impact of June 27 measures, Housing Price Outlook CSI down 11 points

Graphic News: 'Commercial Act Amendment' Makes Spin-offs and Mergers More Difficult... Celltrion Case in the Spotlight

○ Introduction of 'shareholder loyalty' makes procedural legitimacy more important

○ Last year's attempted merger between Celltrion and Celltrion Pharm draws attention

○ During the Celltrion-Celltrion Pharm merger attempt, an independent committee was established and a shareholder vote was held

Money-Making Law

■ Comments on portals, mural painting, attending general meetings, responding to surveys... All considered pro bono work for lawyers

○ Comments and surveys also count as pro bono activities

○ Lack of substantial legal support

○ Participation details remain undisclosed

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025072316292373467

■ "Registering a car without confirming release of mortgage... Compensation for damages required"

○ Registration without confirming mortgage release

○ Supreme Court: "Public officials are responsible"

○ Savings bank's damages recognized

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025072316353205755

■ "In the AI era, detailed legal framework needed for the use of seized materials"

○ The three main principles are the key issues in search and seizure

○ Use of unrelated information is considered illegally obtained evidence

○ Standards for the use of seized materials are needed in the AI era

☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025072317320430858

※ "Money-Making Law," a content partnership between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○ Domestic

08:00 GDP (YoY) (Q2)

○ Overseas

09:00 Japan Services PMI (July)

15:00 Germany Consumer Sentiment (August)

16:30 Germany Services PMI (July)

17:00 Eurozone Manufacturing PMI (July), Markit Composite PMI (July), Services PMI (July)

21:15 Eurozone Deposit Rate (July), Interest Rate Decision (July)

21:30 U.S. Initial Jobless Claims

21:45 European Central Bank Press Conference

21:45 U.S. Manufacturing PMI (July), Services PMI (July), New Home Sales (June)

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: 25°C (0°C) ｜ Highest temperature: 34°C (▲1°C)

○ Precipitation probability: 0% in the morning ｜ 0% in the afternoon

○ Fine dust: Moderate in the morning ｜ Moderate in the afternoon

Three minutes is all you need: essential, high-value economic news. Published daily at 8:00 AM.

This content was produced with the assistance of AI translation services.