US Edition
U.S.-Japan Tariff Deal Could Include Billions for U.S. Shipyards
TOKYO, JAPAN, JUL 25 – The deal includes a reciprocal 15 percent tariff and a $550 billion investment package from Japan to support the US economy, easing trade tensions after three months of talks.
- On August 1, Japan and the United States secured a last-minute trade deal, capping reciprocal tariffs at 15%, and avoiding a confrontation before the tariff deadline.
- Amid mounting pressure, negotiators engaged in extensive talks led to an agreement, with Japan's chief tariff negotiator Ryosei Akazawa securing his eighth US visit.
- The White House said Japan will buy 100 Boeing aircraft and boost US rice purchases by 75%.
- White House Press Secretary Karoline Leavitt warned other trading partners they would face steep tariffs if markets remained closed, while Trump said `Tariff Power` was the reason for the deal.
- Faced with potential GDP losses, Japan is expected to strengthen ties with the European Union and ASEAN.
29 Articles
29 Articles
Our front page: A Japan deal, an AI promise, and more
From the latest issue of Inside U.S. Trade Japan deal: Basics described, many details to follow. Japan gets a lower tariff rate than previously proposed (down to 15 percent from 25 percent, including automobile imports, a key issue for Japan); the U.S. gets expanded access to Japanese markets (for automobiles, energy and a range of agricultural products) plus a commitment for $550 billion investment in U.S. industry. A White House fact sheet c…
Can The US-Japan Trade Deal Save Ishiba?
By: Rupakjyoti BorahDefiant IshibaThe recent drubbing of the ruling LDP-Komeito alliance in Japan in the recent Upper House elections last Sunday has sent the country’s politics into disarray, with the governing alliance having lost its majority, now holding only 122 of the 248 seats and leading to calls for Prime Minister Shigeru Ishiba’s ouster, which could pave the way for fresh elections or a change in leadership.Although Ishiba has touted m…
Coverage Details
Bias Distribution
- 46% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
