President Trump's trade agreement with Japan has instilled a sense of cautious optimism regarding the global economy's ability to withstand significantly increased tariffs. However, many of the United States' key trading partners have yet to finalize trade deals. The agreement with Japan is viewed as a positive step, but the lack of broader consensus raises concerns about potential economic disruptions and the long-term stability of international trade relations. The situation remains fluid, with ongoing negotiations and potential for further agreements.