President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. The U.S.–Japan agreement reduces planned tariffs on Japanese exports from 25% to 15% in exchange for a $550 billion Japanese investment in U.

On Sunday, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30 percent on European goods threatened by August to 15 percent, including on cars. Taking into account exceptions,