Outlines Emerge of a Trump-Engineered New Trade Landscape

The details may still be unclear, but US President Donald Trump’s latest tariff deals with Japan and the Philippines are providing a sketch of the new trade landscape in Asia.

Trump on Tuesday announced a deal with Japan that sets tariffs on the nation’s imports at 15%, including for autos — by far the biggest component of the trade deficit between the countries. A separate agreement with the Philippines set a 19% rate, the same level as Indonesia agreed and a percentage point below Vietnam’s 20% baseline level, signaling that the bulk of Southeast Asia is likely to get similar deals.