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Business trends

UK-EU trade deal allows Asian companies to breathe sigh of relief

Auto and financial sectors remain cautious as they await further details

Despite the U.K.-EU trade deal, Japanese automakers still have concerns, especially over customs procedures and tariffs. (Source photos by Reuters)

TOKYO -- Companies from Asia are relieved by the last-minute trade deal reached between the U.K. and European Union, which spares them from new tariffs and further financial turmoil as they scramble to deal with the latest crisis thrown their way by the COVID-19 pandemic.

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