U.S. President Donald Trump has announced a new trade deal with Japan on Tuesday, calling it one of the largest agreements ever made.
In a post on Truth Social, Trump said Japan will invest $550 billion into the United States, with the U.S. receiving 90% of the profits. He highlighted the deal’s potential to create hundreds of thousands of American jobs.
Trump also said Japan will open its market to U.S. goods, including cars, trucks, rice, and selected agricultural products. A key feature of the agreement is Japan agreeing to pay a 15% reciprocal tariff on U.S. exports.
“This is a very exciting time for the United States,” Trump wrote, stressing the importance of continuing a strong relationship with Japan.
The deal marks a significant development in U.S.-Japan economic ties amid ongoing global trade negotiations and is ahead of the 1 August tariff deadline for countries to make a deal to reduce Trump's tax hikes.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
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U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Southern Chinese provinces were bracing for more torrential rain on Friday after Typhoon Saudel triggered severe flooding, swamping vehicles, collapsing at least one building and forcing mass evacuations.
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Pacific Island leaders expressed concern about China's Pacific missile test at their annual summit, though Nauru formally dissented, in a meeting largely overshadowed by Beijing's objections to Taiwan's presence.
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