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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The United States and Japan reached a major trade deal to cut auto tariffs to 15% and unlock $550 billion in Japanese investment, averting new levies ahead of the 1 August deadline set by President Donald Trump
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The United States and Japan reached a major trade deal to cut auto tariffs to 15% and unlock $550 billion in Japanese investment, averting new levies ahead of the 1 August deadline set by President Donald Trump
Japanese Prime Minister Shigeru Ishiba is expected to resign by the end of next month following a major electoral defeat at the weekend, local media reported on Wednesday. His departure would open a leadership contest within the ruling Liberal Democratic Party.
U.S. President Donald Trump says Paramount Global has wired $16 million to resolve his lawsuit alleging that CBS programme ‘60 Minutes’ doctored an interview with former vice-president Kamala Harris.
Türkiye and Vietnam have signed a new defence cooperation protocol on Tuesday during the 17th International Defence Industry Fair (IDEF) 2025 in Istanbul, marking a significant step forward in bilateral military ties.
Russia’s car imports have dropped by 63% in the first six months of 2025 compared to the same period last year, falling to 149,300 units, according to data released by Russian automotive analytics agency Avtostat.
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