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International Business Times
International Business Times
Business

Tokyo's Nikkei Leads Asian Rally After Japan-US Trade Deal

Japanese car makers soared on news that US tariffs on the sector would be slashed from 25 percent to 15 percent (Credit: AFP)

Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector.

Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will achieve deals to avoid the worst of the US president's levies.

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