US-Japan deal brings tariff clarity: 15% cap averts August duties; EU and China face pressure as next deadlines loom

A US-Japan trade agreement, capping auto and goods tariffs at 15%, is setting a new standard for global trade negotiations. Economists believe this benchmark could influence ongoing talks with the EU and China, who face imminent deadlines to avoid higher tariffs. The deal has boosted market confidence, particularly among automakers, and eased long-term US inflation expectations.