US pushes talks with other partners after Japan deal
Trump posted on social media on Wednesday that the agreement was reached because of "Tariff Power." He said Japan agreed to open its markets "for the first time ever."
A photo posted by a White House official shows the negotiations on Tuesday. Trump is holding a board with the words "Japan Invest America."
The figure "400 billion dollars" has been crossed out, and new numbers have been written in by hand. Trump later said Japan will invest 550 billion dollars in the US.
The White House said Japan has agreed to buy 100 Boeing aircraft and increase defense spending with US firms. It also said Japan will boost purchases of US rice by 75 percent and that it will buy 8 billion dollars of agricultural and other goods.
Treasury Secretary Scott Bessent told Bloomberg TV that Tokyo was "ready to deal" and proposed a "very innovative solution." He described the Japanese side as "tough negotiators" but said Trump is "tougher."
White House Press Secretary Karoline Leavitt warned other trading partners about dealing with the president.
She said: "He will only lower tariff rates if a country agrees to open their market to American made products. If not, they will continue to face tariffs and pay a steep price to do business in the United States of America."
South Korea is one of the countries still trying to cut a deal. Negotiators will hold talks with Bessent later this week. Discussions with China are expected to take place early next week in Stockholm.
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