Japan, Trump and trade deal
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But more big tests loom with trade talks still continuing between the Trump administration and counterparts in China and the European Union.
Treasury Secretary Scott Bessent stopped short of saying the European Union can win the same sort of trade deal as Japan cut with President Donald Trump, highlighting that Tokyo’s success came thanks to an innovative financing arrangement.
Gold prices fell on Wednesday after a U.S.-Japan trade deal eased market uncertainty, while strong industrial demand and a supply shortage drove silver to its highest level since September 2011.
President Trump's new trade deal with Japan includes a 15% tariff on exports to the U.S., up from earlier rates. CBS News MoneyWatch correspondent Kelly O'Grady breaks down how this could impact major automakers.
President Trump announced deals with Japan, Philippines and Indonesia, but many other countries have yet to clinch agreements.
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Japanese Prime Minister Shigeru Ishiba has again denied reports that he plans to resign after his party's historic election defeat