Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

Japanese automakers express mixed feelings on the new Trump trade deal. While welcoming lower tariffs, concerns linger over market access and the deal's long-term impact.

That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.

The US and China are likely to extend their tariff truce for another 90 days as trade negotiations continue, with discussions planned in Stockholm on Monday. During this period, both countries will refrain from new tariffs.

Donald Trump’s plan to realign global trade faces its latest legal barrier this week in a federal appeals court — and Canada is bracing for the U.S. president to follow through on his threat to impose higher tariffs.

With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.

A deal with Japan and a potential deal with Europe follow months of uncertainty and will likely raise prices while offering a bit of clarity for global trade.

Experts urge caution regarding the India-US trade deal, highlighting concerns over Trump's tariffs that may overshadow any market euphoria following the deal's signing. Stock market crash: Amid uncertainty about what's holding back the India-US trade deal,