Trump says US and Japan have agreed ‘massive’ trade deal
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The agreements have been overshadowed by U.S. firms issuing warnings about how the tariffs will affect their bottom lines and prolong uncertainty in the U.S. economy.
Shares in global carmakers surged after a U.S. trade agreement with Japan sparked optimism for the auto industry. Japanese auto stocks were particularly buoyant, with Toyota closing up 14%, its bigges
Analysts see a potential path for other trading partners, including South Korea and the European Union, to strike their own deals.
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
Trump’s tariffs continue to affect markets and corporate earnings. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.
India and the Maldives are in discussions to negotiate a free trade agreement and an investment treaty, Indian Foreign Secretary Vikram Misri told reporters on Tuesday.
India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway.
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