US-Japan trade deal: Wall Street rallies; tariff relief fuels global optimism

Jul 23, 2025 - 21:00
US-Japan trade deal: Wall Street rallies; tariff relief fuels global optimism

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US stocks surged to new highs following a trade agreement between the US and Japan, which reduced tariffs and boosted investor confidence. The deal sparked rallies in Japanese car stocks and European markets. While some companies reported mixed earnings reactions to existing tariffs, optimism prevails with hopes for further trade deals and strong tech earnings.

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