The new US import tariff on goods from Asian countries like the Philippines suggests that President Donald Trump may be taking a “relatively more moderate form” of trade protectionism—a shift that is fueling increased risk appetite among investors.

The Philippines has agreed to a trade deal with the United States that will lower U.S. tariffs on its exports to 19 percent, President Trump announced Tuesday following a meeting with the Philippine president,

Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.

Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.

Asian shares rose Thursday, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals. Japan’s Nikkei 225 surged nearly 2% to 41,983.50. The Shanghai Composite Index added 0.

Philippine President Ferdinand R. Marcos Jr. will be at the White House Tuesday to meet with President Donald Trump as his visit to the United States continues.

U.S. President Donald Trump said on Monday that he had instructed his trade team to resume negotiations on trade with Thailand and Cambodia after the two nations agreed to a ceasefire. "Just spoke to the Acting Prime Minister of Thailand and Prime Minister of Cambodia,