President Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries.

U.S. President Donald Trump’s trade deal with Japan has sparked fresh optimism that the global economy will manage to avoid getting hit with extremely elevated tariffs, even as many U.S. trading partners still don’t have agreements.

Japan led Asian markets higher, with automakers outperforming, after a trade agreement between the U.S. and Japan eased economic uncertainty surrounding tariffs. President Trump said in a post on Truth Social that the U.