The world's biggest economy, the US, and the fourth-largest, Japan, have agreed on a trade deal causing Asian shares to surge, with carmakers leading the way on the prospects of lower tariffs.
The US and Japan agreed to put a 15% import duty on goods imported from Japan, apart from certain products such as steel and aluminium that are subject to much higher tariffs. That's down from the 25% that Trump had said would take effect on 1 August if a deal was not reached.
