Analysts say China will be scrutinising the fine print of the bilateral pacts, wary of any provisions that could directly or indirectly undermine its economic interests.

Asian shares rallied on Wednesday, with Tokyo’s benchmark Nikkei 225 index up more than 3% after Japan and the U.S. announced a deal on President Donald Trump’s tariffs.

In the short run I think lowered uncertainty will be welcomed in the equity market. But global trade policy uncertainty will remain high, meaning that today's conclusion will provide little upside to ...

“In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade,” he added.

The US will levy a 19% tax on imports from the Philippines, US President Donald Trump has announced after meeting with the country's president at the White House.

The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.