Trump strikes tariff deal with Japan includes 15% tariff
"I just signed the largest TRADE DEAL in history with Japan," Trump said on his Truth Social platform, adding that Japan will invest $550 billion in the US.
Japan will open its country to trade, including cars, trucks, rice, and some recent agricultural products, among others, explaining that the agreement will create hundreds of thousands of jobs.
Automotive exports to the US are a cornerstone of the Japanese economy, accounting for 28.3% of total shipments in 2024.
This agreement avoids the 25% tariffs Trump threatened to impose on Japanese imports, which were due to take effect next week.
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