Japanese equities rally on ‘massive’ U.S. trade deal, with markets buoyed by hopes of more 11th hour announcements

President Trump has announced a major trade deal with Japan, calling it the “largest in history” and boosting global markets, with Japan reportedly committing $550 billion in U.S. investment and agreeing to lower reciprocal tariffs. While the agreement eased fears of a broader trade escalation ahead of the Aug. 1 tariff deadline, analysts caution that uncertainty remains high, with steep tariffs still looming for key trading partners such as Brazil and the EU.

President Trump has confirmed the U.S. has agreed to a trade deal with Japan, describing it as the “largest in history” and sending markets flying.