TOKYO/SEOUL (Reuters) -Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%, a move that stoked optimism about a similar agreement for Seoul and Brussels.

Automakers in various countries around the world are working to negotiate amended tariff arrangements with the Trump administration, and Japan’s deal this week has placed increasing pressure on South Korea to finalize a better,