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Tokyo's Nikkei leads Asian rally after Japan-US trade deal
Tokyo's Nikkei leads Asian rally after Japan-US trade deal
by  AFP

Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector. But Trump said Tuesday that officials had agreed to a "massive" deal that would include a 15 percent tariff on imports from Japan, down from the previously threatened 25 percent.

Trump announces 'massive' Japan trade deal including 15% tariff
Trump announces 'massive' Japan trade deal including 15% tariff
by  AFP

President Donald Trump said Tuesday that the United States had agreed to a "massive" trade deal with Japan that would include a 15 percent tariff on its exports. - Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things," Trump said.

Trump agrees to small reduction in Philippine tariffs
Trump agrees to small reduction in Philippine tariffs
by  AFP

US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos. The 19 percent rate is still above the 17 percent threatened by Trump in April, when he threatened sweeping global tariffs.

Trump says confident US to reach Philippines trade deal
Trump says confident US to reach Philippines trade deal
by  AFP

US President Donald Trump voiced confidence Tuesday at reaching a trade deal with the Philippines to ease his threatened tariffs as he welcomed his counterpart Ferdinand Marcos to the White House. A big trade deal, actually," Trump said as he met Marcos in the Oval Office.