US President Donald Trump announced a trade agreement with Japan, potentially resolving tensions between the two allies. Japan is expected to invest $550 billion in the United States, as directed by Trump. However, many details of the deal remain unclear, with no immediate comment from Japan. The deal includes a 15% tariff on Japanese imports, an improvement on the 25% tariff Trump initially threatened to impose. Japan is also expected to open its market to US products, including cars, trucks, rice, and certain agricultural products. The success of tariff negotiations was reportedly a matter of life and death for Japan’s Prime Minister Shigeru Ishiba, who tied his fate to the outcome after his coalition lost its upper house majority in elections.
Source: https://www.theguardian.com/world/2025/jul/23/trump-announces-japan-trade-deal-after-weeks-of-fraught-negotiations
Trump Unveils Japan Trade Agreement Following Tense Negotiations | Japan
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