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Trump announces ‘massive’ trade agreement with Japan
President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago. “We just completed a massive Deal with Japan, perhaps the largest Deal ever made,” Trump said on Truth Social. As part of the deal, US importers will pay 15% “reciprocal” tariffs on Japanese goods exported to the United States. Japan also will invest $550 billion dollars into the United States, the president said. Trump added that the US “will receive 90% of the profits.” He did not specify how those investments would work ... (full story)
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From channelnewsasia.com | Jul 23, 2025
US President Donald Trump has struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods, in exchange for a US$550 billion package of US-bound investment and loans. Trump on Tuesday (Jul 22) hailed the "massive" deal with Japan as "perhaps the largest deal ever made". "#Mission Complete," ...