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Economic Times

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Image Credit: Economic Times

Has Japan gained $30.6 billion despite Trump’s tariffs hitting global trade?

  • Japan has gained $30.6 billion from its discovery of cobalt and nickel reserves in the ocean floor near Minami-Tori-shima.
  • The value of the discovery has surged despite the new wave of tariffs imposed by President Trump.
  • The cobalt and nickel reserves are crucial components in electric vehicle (EV) batteries and could make Japan more self-sufficient.
  • While global markets are in turmoil, Japan's discovery symbolizes optimism and opportunity amid economic uncertainty.

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