Trump Deals Bring Some Clarity for World’s Manufacturing Base

After months of uncertainty, President Donald Trump’s latest tariff deals are providing clarity on the broad contours of a new trade landscape for the world’s biggest manufacturing region.

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 a similar rate. ...