India, July 23 -- European stocks closed on a strong note on Wednesday as prospects of a trade deal between the U.S. and EU increased after U.S. President Donald Trump announced trade deals with Japan and the Philippines.
The "largest ever" U.S. trade deal with Japan features a 15% tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.
The prospects of an EU-U.S. trade agreement improved after Trump said that EU representatives would come for trade negotiations on Wednesday.
"We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifyi...