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Trump announces trade deal with Japan, including 15% tariff

Trump announces trade deal with Japan, including 15% tariff

CNA23-07-2025
WASHINGTON: US President Donald Trump on Tuesday (Jul 22) announced a trade deal with Japan that he said will result in Japan investing US$550 billion into the United States and paying a 15 per cent reciprocal tariff.
In a post on Truth Social, Trump added that Japan will open to trade, including cars, trucks, rice and certain agricultural products.
"We just completed a massive deal with Japan, perhaps the largest deal ever made," he said.
Japan's top tariff negotiator, Ryosei Akazawa, met with Trump at the White House on Tuesday, the Asahi newspaper reported.
Earlier on Tuesday, Akazawa held more than two hours of talks with US Commerce Secretary Howard Lutnick. They engaged in "frank talks to seek an agreement benefiting both countries", according to the Japanese government.
The Asahi reported that Akazawa also held a separate meeting with US Treasury Secretary Scott Bessent.
Japanese Prime Minister Shigeru Ishiba aims to visit the US this month to meet with Trump if there is progress in the trade negotiations, Yomiuri newspaper reported on Wednesday.
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