September S&P 500 E-Mini futures (ESU25) are up +0.39%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.19% this morning as sentiment got a boost after the U.S. announced a trade deal with Japan.
U.S. President Donald Trump said in a post on Truth Social late Tuesday that the U.S. will impose a 15% tariff on Japanese goods, including autos, which is lower than the 25% rate he had previously threatened in a letter to the Japanese government. The deal will also see Japan invest $550 billion into the U.S. The U.S. also struck a deal with the Philippines, setting a 19% tariff on the nation’s exports. In addition, President Trump unveiled further details about a pact with Indonesia.
