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.

The 15% tax on imported Japanese goods is a meaningful drop from the 25% rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting Aug. 1.

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.

Gold prices fluctuate as Trump announces trade deal with Japan, easing tariff concerns and impacting haven asset demand.

US President Donald Trump and Japanese Prime Minister Shigeru Ishiba announced that the two countries have reached a trade agreement to reduce the "reciprocal" tariff rate from 25 to 15 percent. In a post on Truth Social on Tuesday night, Trump wrote, "We just completed a massive deal with Japan, perhaps the largest deal ever made."

US President Donald Trump announces a trade deal with Japan that he says will result in Japan investing $US550 billion ($842 billion) into the United States and paying a 15 per cent reciprocal tariff.

Japan's chief tariff negotiator, Ryosei Akazawa, said Monday that he will aim for some kind of trade agreement with the United S

The LDP’s loss in the upper house is another blow to Prime Minister Shigeru Ishiba, who has been struggling to close a trade deal with the Trump administration.

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.