Former President Trump has declared the finalization of what he calls a “massive deal” with Japan, potentially the largest ever. Japan is set to invest $550 billion in the United States, with the US anticipated to receive 90% of the profits, as stated by Trump. The deal promises to generate substantial employment opportunities. The agreement incorporates a 15% reciprocal tariff on Japanese goods entering the US. Additionally, Japan will reportedly open its market to US exports, encompassing automobiles, agricultural products, and more. Negotiations included intense discussions around trade in rice and automobiles. The deal follows a period of complex negotiations, including discussions over tariffs, and is intended to strengthen the bond between the two countries.
Trump Unveils Sweeping Trade Deal with Japan, Emphasizing Record Investment and Profit
World 1 Min Read
