Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.

India is cautiously approaching trade negotiations with the US, observing complications in recent American deals with Japan, Indonesia, and Vietnam. Discrepancies exist between US and Japanese officials regarding investment profit allocation.

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

The euro rose on Monday following a framework trade deal reached over the weekend between the United States and the European Union.

Japan's chief tariff negotiator Ryosei Akazawa speaks to the media after a meeting between Prime Minister Shigeru Ishiba and Treasury Secretary Scott Bessent in Tokyo, on July 18, 2025. Shuji Kajiyama/AP

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"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."