Trump says trade deal struck with Japan includes 15% tariff
WASHINGTON (Reuters) -President Donald Trump on Tuesday said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on U.S. imports from the country.
In a post on Truth Social, Trump said the deal would include $550 billion of Japanese investments in the United States.
He also said that Japan would increase market access to American producers of cars, trucks, rice and certain agricultural products, among other items.
Trump's post made no mention of easing tariffs on Japanese automobiles, which account for more than a quarter of all the country's exports to the United States and are subject to a 25% tariff.
Reuters could not immediately confirm the elements of the deal announced by Trump, and details were scant.
The White House did not immediately respond to a request for additional details, while the Japanese foreign ministry did not immediately respond to a request for comment on Trump's announcement.
"This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan," Trump said.
Trump's announcement follows a meeting with Japan's top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday, according to a person familiar with the matter.
(Reporting by Trevor Hunnicutt and Jasper Ward; Editing by Lincoln Feast.)
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The Star
20 minutes ago
- The Star
This family self-deported to Mexico, and lost everything
URUAPAN, Mexico (Reuters) -As broadcasters declared Donald Trump the next President of the United States, Sonia Coria turned to her husband and asked if they should go home. For seven months they had been living in Glendale, Arizona, sharing a two-bedroom apartment with Coria's aunt and slowly building a life far from the threats and cartel violence that made them flee Mexico. Coria, 25, took odd jobs as a cleaner and her husband, Carlos Leon, also 25, worked as a gardener. Their eldest child Naomi, eight, was going to a local charter school, making friends and picking up English. In the small kidney-shaped pool of the condominium building where they lived, she had learned to swim. Little Carlos, five, was learning to ride a bike. Their neighborhood in western Glendale - a city of some 250,000 people just outside Phoenix - was home to lots of Mexican migrants. Opposite their apartment block was a small butcher, Carnicería Uruapan, named after the town they had fled in the dangerous Mexican state of Michoacan. They had bought their first car on installments - a tan-colored 2008 Ford F-150 pickup truck that cost them $4,000. They were still poor, sometimes going to soup kitchens for a meal or picking up appliances and toys that neighbors had thrown out, but it was a life they could only have dreamed of back home in Mexico. Trump's campaign, and his victory, changed how they felt about living in the United States. They had followed the law, entering the United States at a border crossing and applying for asylum. The application was in process. But they now worried they could lose everything. "We run the risk of them taking away the little we've managed to scrape together," Coria remembers telling her husband that night as election coverage played on the television. Leon nodded and hugged his wife. They began to cry quietly, afraid Carlos and Naomi would hear them as they played on the floor in the bedroom they all shared. The kids had been allowed to stay up late, so that Coria and Leon could watch the results come in. The family's account is based on interviews with Leon, Coria and NGOs that helped them on their return to Mexico. Reuters was not able to verify all details of their journey, but core facts were supported by photos, videos, messages,and customs documents the family shared. As the Trump administration vows to enact the "largest deportation operation in American history," authorities have raided workplaces, sent alleged Venezuelan gang members to a notorious prison in El Salvador, and deployed National Guard and active-duty Marines to contain anti-government protests in Los Angeles. Beyond the 239,000 people the administration has deported so far, some cuffed and led on to planes, the very public expulsion of migrants has had another effect: triggering tough and complicated decisions in immigrant households across the U.S. on whether to stay or leave. As they discussed returning to Mexico, Leon set one condition: That they wait until after Trump took office on January 20, to save up some more money and to see if he proved as hardline on migration as he'd promised. In the end, fear led them to leave before Trump had even been sworn in. 'PROJECT HOMECOMING' Despite high-profile deportations to Guantanamo or El Salvador, the total number of deportations under Trump trails former President Joe Biden's last year in office. Increasingly, persuading migrants to leave of their own accord has become a core strategy. "Self-deportation is safe," reads a DHS flyer on display at immigration courts in the U.S. "Leave on your own terms by picking your departure flight." The Trump administration in Marchlaunched an app called CBP Home designed to help people relocate and in May, Trump unveiled "Project Homecoming," a sweeping initiative that offers "illegal aliens" $1,000 and a free flight to leave. Since then, "tens of thousands of illegal aliens" self-deported through CBP Home app, a Department of Homeland Security official told Reuters, without giving further details. More than 56,000 Mexicans have voluntarily returned from the U.S. since Trump returned to the White House, according to Mexican government figures. Figures from last year were unavailable. Self-deportation is not a new idea. During the Great Depression and again in 1954's Operation Wetback, U.S. deportation campaigns pressured over a million Mexicans and Mexican-Americans to leave - far more than through formal deportations. "Self-deportation is not an accident, but a deliberate strategy," said Maria Jose Espinosa, executive director at CEDA, a non-profit organization in Washington that works to improve relations between the U.S. and Latin American countries. 'LEFT WITH NOTHING' On January 19, Coria, Leon, and the two kids packed what they could fit into their F-150 and drove toward the Mexican border. It was just a three-hour drive. A few weeks before, they had witnessed immigration enforcement detaining the father of a Mexican family living two doors down from them. That, Coria said, had made up their minds. A lawyer they saw at the Mexican consulate in Phoenix reinforced their view, telling them that their asylum application was weak and they would likely be deported. The consulate told Reuters the lawyer, Hugo Larios, did on occasion offer free consultations,but they did not have access to details of what was discussed or a record of the Coria-Leon family visiting in January, only in April 2024. Larios did not respond to requests for comment. It was a hard decision to leave. They had fled their hometown in February last yearafter armed men claiming to be members of the notorious Jalisco New Generation Cartel began showing up at the avocado farm where Leon was working as a guard, demanding protection money. Leon didn't have the money to pay, and the owner was away. Now, they were going back. Uruapan is one of the most violent cities in the world, with an official murder rate of nearly 60 per 100,000 inhabitants. In recent years organized crime has taken over the area, running or extorting farms and businesses and killing those who refuse to pay. But the family hoped their savings would make a difference. They had managed to scrape together $5,000 and the plan was to buy land and open an auto repair shop using their pickup truck to help with the business. At 5 p.m., on January 19, they drew up to the Dennis DeConcini border crossing at Nogales. As they passed Mexican customs, the Mexican National Guard stopped their vehicle and asked for papers, the family said. Leon didn't have the car title, just a temporary permit issued that day, so officials confiscated the truck and threatened to arrest him for vehicle smuggling. The officials also took $5,000, the family's entire savings, for what they called a fine before Leon could go free. With no car and no money, Coria, Leon, Naomi and Carlos sat on the ground outside customs, surrounded by their remaining possessions - 100 kilos of clothing, tools, kitchen utensils, a television, refrigerator, and children's toys. "We lost everything," Coria recalled, in tears. "We left with nothing and came back worse off." A spokesperson from Mexico's National Customs Agency declined to comment on the specifics of the Coria case. She said in an email to Reuters that its office "acts in strict adherence to the legal framework governing the entry and exit of merchandise, as well as the customs control applicable to persons and vehicles crossing points of entry into the national territory." Mexican president Claudia Sheinbaum told journalists this month that her government is strengthening its "Mexico Embraces You" program to receive Mexican migrants voluntarily returning from the U.S. to ensure "they are not subject to any act of corruption by customs or immigration when they enter our country." The program offers a $100 cash grant, job placement, free transportation to their places of origin, and facilities for importing goods, but the family returned before it went into action. As the sun began to set, the dry desert air turned cold. The family worried about where to spend the night and how they would reach Michoacan, some 2,000 kilometers away. They were spotted by Francisco Olachea, a nurse with Voices from the Border, a humanitarian organization that works on both sides of the border. Olachea remembers approaching the crying family outside customs and offering them a hand. They loaded the Corias' belongings onto the NGO's ambulance and a rented pickup truck paid for by Olachea and another NGO, Salvavision. That night, Olachea took them to NANA Ministries, a Christian organization in the border town of Nogales. They were offered water, fruit, coffee, and pozole, a traditional Mexican broth made from corn kernels with meat and vegetables. The four spent the night in a small room. Together, Voices from the Border and Salvavision raised just over $1,000 to buy the family bus tickets to Michoacan and send some belongings to Sonia Coria's mother's house in black garbage bags. What they couldn't send was donated to the church where they had spent the night. On January 20, the family returned to Uruapan. The four of them shared a small room with no door in the tin-roofed home belonging to Coria's mother. The couple slept on the floor, and the kids shared a bed with no mattress. They later moved into an even smaller room at an aunt's house. Leon eventually found work in a car repair workshop. Coria got a job in a Chinese children complain about leaving the United States. Carlos asks for his bike; Naomi is forgetting her English. In June, a 62-page letter from customs seen by Reuters informed them that their truck had been seized and had become property of the federal treasury. Also, that they owe the equivalent of $18,000in customs duties for bringing in the F-150 to Mexico. (Reporting by Diego Oré; Additional reporting by Ted Hesson in Washington DC and Kristina Cooke in San Francisco; Editing by Stephen Eisenhammer and Suzanne Goldenberg)
The Star
20 minutes ago
- The Star
Analysis-Trump's distraction methods fall flat against Epstein uproar
(Reuters) -President Donald Trump's super powers as a public figure have long included the ability to redirect, evade and deny. But the Republican's well-worn methods of changing the subject when a tough topic stings politically are not working as his White House fends off persistent unrest from his usually loyal base about convicted sex offender Jeffrey Epstein and his associates. Trump has scolded reporters, claimed ignorance and offered distractions in an effort to quash questions about Epstein and the suspicions still swirling around the disgraced financier's case years after his 2019 death in prison. The demand for answers has only grown. "For a president and an administration that's very good at controlling a narrative, this is one that's been harder," said Republican strategist Erin Maguire, a former Trump campaign spokeswoman. Unlike political crises that dogged Trump's first term, including two impeachments and a probe into alleged campaign collusion with Russia, the people propelling the push for more transparency on Epstein have largely been his supporters, not his political foes. Trump has fed his base with conspiracy theories for years, including the false "birther" claim that former President Barack Obama was not born in the United States. Trump's advisers fanned conspiracies about Epstein, too, only to declare them moot upon entering office. That has not gone over well with the president's right-leaning base, which has long believed the government was covering up Epstein's ties to the rich and powerful. "Donald Trump's been running a Ponzi scheme based on propaganda for the better part of a decade and it's finally catching up to him," said Geoff Duncan, a Republican former lieutenant governor of Georgia and Trump critic. "The far right element is just dug in. They're hell bent on getting this information out." The White House has dismissed reporting about Trump's ties to Epstein as "fake news," though it has acknowledged his name appears in documents related to the Epstein case. Trump and Epstein were friends for years before falling out. "The only people who can't seem to shake this story from their one-track minds are the media and Democrats," said White House spokesman Harrison Fields. Before leaving for a trip to Scotland on Friday, the president again urged people to turn their attention elsewhere. "People should really focus on how well the country is doing," Trump told reporters, lamenting that scrutiny was not being given to others in Epstein's orbit. "They don't talk about them, they talk about me. I have nothing to do with the guy." THE ART OF DISTRACTION Trump in recent weeks has employed a typical diversion playbook. He chastised a reporter for asking about Epstein in the White House Cabinet Room. He claimed in the Oval Office that he was not paying close attention to the issue. And, with help from Tulsi Gabbard, his director of national intelligence, he explosively accused Obama of treason for how he treated intelligence in 2016 about Russian interference in the U.S. election. On Thursday Trump took his distraction tour to the Federal Reserve, where he tussled with Chair Jerome Powell about construction costs and pressed for lower interest rates. That, said Republican strategist Brad Todd, was more effective than focusing on Obama in 2016, which voters had already litigated by putting Trump back in office. "The Tulsi Gabbard look backward, I think, is not the way for them to pivot," Todd said, noting that Trump's trip to the Fed highlighted the issue of economic affordability and taking on a Washington institution. "If I was him I'd go to the Fed every day until rates are cut." Democrats have seized on Trump's efforts to move on, sensing a political weakness for the president and divisions in the Republican Party that they can exploit while their own political stock is low in the wake of last year's drubbing at the polls. A Reuters/Ipsos poll this month showed most Americans think Trump's administration is hiding information about Epstein, creating an opportunity for Democrats to press. Trump's supporters and many Democrats are eager to see a release of government files related to Epstein and his case, which the Justice Department initially promised to deliver. "Yesterday was another example of the Trump folks trying to throw as much stuff against the wall to avoid the Epstein files," Mark Warner, a Democratic U.S. senator from Virginia, said in a post on X on Thursday about Gabbard's accusations against Obama. Trump allies see the administration's efforts to change topic as a normal part of an all-out-there strategy. "They are always going at 100 miles an hour. Every department, every cabinet secretary, everybody is out there at full speed blanketing the area with news," Republican strategist Maguire said. Trump has weathered tougher periods before, and his conservative base, despite its frustration over the files, is largely pleased with Trump's work on immigration and the economy. In a July Reuters/Ipsos poll, 56% of Republican respondents favored the administration's immigration workplace raids, while 24% were opposed and 20% unsure. Pollster Frank Luntz noted that Trump had faced felony convictions and other criminal charges but still won re-election last year. "We've been in this very same situation several times before and he has escaped every time," Luntz said. (Reporting by Jeff Mason; Editing by Colleen Jenkins and Cynthia Osterman)
The Star
20 minutes ago
- The Star
Oil prices ease to three-week low at weekend as negative economic news offsets trade optimism
JAKARTA/SINGAPORE (Reuters): Oil prices eased to a three-week low on Friday night on negative economic news from the United States and China and signs of growing supply despite optimism U.S. trade deals could boost global economic growth and oil demand in the future. Brent crude futures fell 76 cents, or 1.1%, to US$68.42 a barrel by 1:44 p.m. EDT (1744 GMT), while US West Texas Intermediate (WTI) crude fell 91 cents, or 1.4%, to US$65.12. That put Brent on track for its lowest close since July 4 and WTI on track for its lowest close since June 30. For the week, Brent was down about 1% and WTI down about 3%. European Commission President Ursula von der Leyen will meet U.S. President Donald Trump on Sunday in Scotland after European Union officials and diplomats said they expected to reach a framework trade deal this weekend. The euro zone economy has remained resilient to the pervasive uncertainty caused by a global trade war, a slew of data showed on Friday, even as European Central Bank policymakers appeared to temper market bets on no more rate cuts. In the U.S., meanwhile, new orders for U.S.-manufactured capital goods unexpectedly fell in June while shipments of those products increased moderately, suggesting that business spending on equipment slowed considerably in the second quarter. Trump said on Friday that he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates. Central banks, like the Fed or ECB, use interest rates to keep inflation in check. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil. In China, the world's second biggest economy, fiscal revenue dipped 0.3% in the first six months from a year earlier, the finance ministry said on Friday, maintaining the rate of decline seen between January and May. GROWING SUPPLIES? The US is preparing to allow partners of Venezuela's state-run PDVSA, starting with U.S. oil major Chevron, to operate with limitations in the sanctioned nation, sources said on Thursday. That could boost Venezuelan oil exports by a little more than 200,000 barrels per day (bpd), which would be welcome news for U.S. refiners, as it would ease tightness in the heavier crude market, ING analysts wrote. In the Middle East, Iran said it would continue nuclear talks with European powers after "serious, frank, and detailed" conversations on Friday, the first such face-to-face meeting since Israel and the U.S. bombed Iran last month. Venezuela and Iran are members of the Organization of the Petroleum Exporting Countries (OPEC). Any deal that could increase the amount of oil either sanctioned country could export would boost the amount of crude available to global markets. A meeting of the Joint Ministerial Monitoring Committee, which includes top ministers from OPEC and allies like Russia, a group known as OPEC+, is scheduled for 1200 GMT on Monday. Four OPEC+ sources told Reuters the meeting was unlikely to alter the group's existing policy, which calls for eight members to raise output by 548,000 bpd in August. In Russia, the world's second biggest crude oil producer behind the U.S., daily oil exports from its western ports are set to be around 1.77 million bpd in August, down from 1.93 million bpd in July's plan, amid the expected rise in refinery runs, Reuters calculations based on data from two sources show. In the U.S., energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy services firm Baker Hughes said in its closely followed report on Friday. (Reporting by Scott DiSavino in New York, Robert Harvey in London, and Sudarshan Varadhan and Siyi Liu in Singapore. Editing by Kirsten Donovan and Emelia Sithole-Matarise) - Reuters
