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US and Japan Strike 15% Tariff Deal Backed by $550 Billion Investment Vehicle
- On Tuesday, the U.S. and Japan revealed a trade agreement that reduces the previously proposed 25% tariff to 15% and includes a $550 billion investment initiative.
- The framework arose amid negotiations where Japan agreed to provide $550 billion in financing via state-affiliated institutions to reduce tariffs and support U.S. industries.
- The investment fund plans to focus on areas such as essential mineral resources, medical products, semiconductor manufacturing, and maritime construction, along with acquiring 100 Boeing aircraft and purchasing rice from American farmers.
- President Trump claimed 90% of profits from the investment would go to the U.S., while officials note the $550 billion pledge is a target rather than a formal, binding promise.
- Analysts and officials expressed skepticism over the commitment's scale and impact, noting the framework is still being negotiated and its economic effects have yet to materialize.
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Trump’s $550 billion deal with Japan might not be a sure thing
WASHINGTON — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing he’s portraying. Read more...
·Vancouver, United States
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Total News Sources51
Leaning Left6Leaning Right8Center17Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 19%
C 55%
R 26%
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