Two of President Donald Trump’s top trade negotiators hailed their approach toward addressing trade grievances with Japan as a possible incentive for the European Union, as negotiations come to a head before an Aug.

US President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States.

President Trump announced Tuesday that his administration had wrapped up a massive trade agreement with Japan, two weeks after threatening the US ally with 25% tariffs.

Japan's top trade negotiator Ryosei Akazawa held talks with U.S. Commerce Secretary Howard Lutnick on U.S. tariffs on Thursday, as Tokyo races to avert a 25% levy that will be imposed unless a deal is clinched by an August 1 deadline.

Japanese Prime Minister Shigeru Ishiba is set to meet U.S. Treasury Secretary Scott Bessent in Tokyo on Friday, aiming to finalize a trade deal before new tariffs take effect on August 1, the Yomiuri newspaper

GBP/USD is having a tough time reclaiming 1.3500 on Tuesday as markets adopt a cautious stance. In the absence of high-tier data releases, investors refrain from taking large positions, while keeping an eye on Trump-Powell drama and US tariff talks.

Seoul will take a close look at the terms of a U.S.-Japan trade deal, South Korea's industry minister said on Wednesday, holding out the prospect of greater cooperation in the energy and industrial sectors ahead of key trade talks in Washington.

Japanese Yen braces for tariff deadline and BoJ rate clues as US-Japan trade talks resume. USD/JPY eyes 149.35 on Fed commentary and risk sentiment.