TOKYO (Reuters) -Japan's leading trade negotiator said on Tuesday that the trade deal Tokyo agreed with the United States last week guarantees Japan will always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington.

Japan said on Tuesday the trade agreement it struck with the U.S. cleared uncertainties on U.S. trade policies but continued attention needs to be given to risks of those policies putting downward pressure on the Japanese economy.

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

The government on Tuesday warned of downside risks to the Japanese economy stemming from U.S. tariffs in its first monthly report aft

The euro rose on Monday following a framework trade deal reached over the weekend between the United States and the European Union.

Asian shares were mixed Tuesday ahead of a second day of trade talks between Chinese and U.S. officials, while U.S. futures and oil prices rose. Japan's benchmark Nikkei 225 fell 0.8% to 40,674.55 on broad selling of major companies including automakers and big banks.

US stocks close mostly higher on an EU trade deal. S&P 500 and Nasdaq hit records, but Mag Seven earnings and the Fed meeting could turn sentiment.

Asian shares were mixed on Monday, with Japanese markets dipping despite overall optimism in the market after the  U.S. and EU reached a trade framework that includes a 15% tariff on most European goods.