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Markets drop as Powell warns of stagflation

  • President Trump engaged in trade talks with Japanese officials in Washington on April 16, 2025.
  • Trump's tariffs, initiated on April 2, triggered financial market panic and recession fears globally.
  • Japan seeks to minimize economic fallout, forming a task force and negotiating exemptions from these tariffs.
  • Trump posted, "A Great Honor to have just met with the Japanese Delegation on Trade" after the meeting.
  • The US seeks to reduce its $68.5 billion trade deficit with Japan and quickly finalize trade deals.
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Just the News broke the news in Washington, United States on Wednesday, April 16, 2025.
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