💨 Abstract

President Donald Trump announced trade deals with Japan, the Philippines, and Indonesia, reducing tariffs on their exports to the U.S. led to sharp increases in stock prices. Still, China negotiations will extend beyond August 12, and tariffs remain on steel, aluminum, and other countries. Economists warn that these tariffs will likely slow global and Asian economic growth. Tariffs on goods from various Asian countries were also outlined if agreements aren't reached by August 1.

Courtesy: WTOP Staff