On August 8th, Japan's chief negotiator Ryusei Akazawa announced that the United States agreed to cancel the "tariff stacking" on Japan and reduce car tariffs, though the implementation time remains unconfirmed. This move brings partial certainty to the trade agreement reached last month, which is favorable for Japan's automotive industry and export-dependent economy. However, the timeline for reducing car tariffs from the current 27.5% to 15% remains unclear, continuing to put pressure on manufacturers like Toyota in their financial planning. This event has eased market concerns about escalating US-Japan friction.
Bitunix analyst suggests:
This news signals policy-level relief, which helps boost market confidence and the rebound potential of AI infrastructure Bit after yesterday's pullback to support levels. In terms of operation, it is advisable to deploy in batches, set stop-loss orders, and closely track the progress of US-Japan tariff implementation and Asian stock market trends, as subsequent information may still cause fluctuations.
