
Trump announces ‘massive’ trade deal with Japan
Al Jazeera
US president says Japanese exports will be subject to a 15 percent tariff under the trade agreement.
United States President Donald Trump has announced that he has struck a “massive” trade deal with Japan following months of fraught negotiations.
Under the agreement announced on Tuesday, the US will impose a 15 percent tariff on Japanese exports and Japan will invest $550bn in the US, Trump said.
“We just completed a massive Deal with Japan, perhaps the largest Deal ever made,” Trump wrote on his Truth Social platform.
“Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits.”
Japan will also open up to US exports of cars, rice and certain agricultural products, Trump said, adding that the deal would create “hundreds of thousands of jobs”.













