US-Japan trade deal: Wall Street rallies; tariff relief fuels global optimism
Wednesday, 23 July 2025 () US stocks surged to new highs following a trade agreement between the US and Japan, which reduced tariffs and boosted investor confidence. The deal sparked rallies in Japanese car stocks and European markets. While some companies reported mixed earnings reactions to existing tariffs, optimism prevails with hopes for further trade deals and strong tech earnings.
Trump announces trade deal with Japan that lowers threatened tariff to 15%
The US ran a $69.4 billion (€59.1 billion) trade imbalance on goods with Japan last year, according to the Census Bureau.
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Wednesday, 23 July 2025 ()
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