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Trump announces ‘massive’ trade deal with Japan with 15% tariffs
UNITED STATES, JUL 22 – The deal sets a 15% tariff rate to adjust trade relations and enhance U.S. economic interests, marking a significant shift in bilateral trade policies.
- On Tuesday in Washington, U.S. President Donald Trump announced a massive trade deal with Japan setting tariffs at 15 percent on imports.
- The deal followed months of escalating tariff threats, including a planned 25 percent tariff starting August 1, pressuring Japan into negotiations.
- The agreement lowers tariff rates and expands market access for American vehicles, rice, and select farm goods, while Japan agreed to a reciprocal 15 percent tariff.
- Trump announced that, as part of the agreement, Japan would direct $550 billion in investments to the United States, a move he predicted would generate hundreds of thousands of new jobs.
- Japanese officials have not formally verified the agreement, and the White House has not provided any official documents at this time.
527 Articles
527 Articles
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