Trump announces 'massive' trade deal with Japan, agreement with Philippines
Date: 03:05 BST
Title: Carmaker shares jump
Content: Japan's benchmark stock index, the Nikkei 225, was more than 2.5% higher after Trump's announcement.
Shares in motor industry giants - including Toyota, Nissan and Honda - jumped after broadcaster NHK said existing tariffs on Japanese carmakers would be cut.
Japan's Prime Minister Shigeru Ishiba later confirmed that the country's carmakers would now face a 15% tariff on exports to the US, down from 25%.
Update:
Date: 03:00 BST
Title: Welcome
Content: Thanks for joining us as we bring you the latest updates on Donald Trump's new trade deal announcements.
Trump says the US has agreed to a "massive" trade deal with Japan, one of the country's largest trading partners.
Separately, he also announced that the US would levy a 19% tax on imports from the Philippines and Manila would remove duties on US goods - an agreement that is yet to be confirmed by the Philippines.
While the finer details of the deals remain vague, with the White House not having released any information, they nonetheless signal a major development in Trump's tariffs war.
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