President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. The U.S.–Japan agreement reduces planned tariffs on Japanese exports from 25% to 15% in exchange for a $550 billion Japanese investment in U.

Excluding a truce with China, four Asian nations have now reached deals, with just over a week before the grace period expires.

Stock markets in Europe and Asia shot higher Monday after the EU worked out a trade deal with the Trump administration ahead of this week's deadline.