Stocks up on certainty for car makers removes threat of trade disruption
US president Donald Trump. Photo: Getty
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President Donald Trump reached a trade deal with Japan that will impose 15pc tariffs on imports including automobiles from the key American ally, while creating a $550bn fund to make investments in the US.
The agreement, touted by Trump after he secured breakthroughs in a final 75-minute Oval Office meeting Tuesday with Japanese negotiators, spares the nation from a threatened 25pc tariff that was set to take effect next week.
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