Trump Announces ‘Massive’ Trade Deal With Japan, Tariffs to Remain at 15%.
US President Donald Trump on Wednesday announced what he called the “largest deal ever made” between the United States and Japan, claiming it would deliver significant economic benefits for Americans while maintaining a 15% tariff on Japanese imports.
According to Trump, the agreement includes a commitment from Japan to invest $550 billion into the US economy “at his direction” and would grant the US access to key Japanese markets — including automobiles, trucks, rice, and other agricultural goods. “This deal will create hundreds of thousands of jobs — there has never been anything like it,” Trump posted on his platform, Truth Social.
While full details of the agreement are yet to be disclosed, Trump also said Japan would partner with the US on a joint LNG venture in Alaska.
The deal comes shortly after Trump also announced a separate trade agreement with the Philippines, following discussions with President Ferdinand Marcos Jr. Though he had earlier threatened a 20% tariff on Philippine goods starting August 1, Trump clarified on Wednesday that the final tariff would be slightly lower — at 19%.
The timing of the US-Japan announcement coincides with a period of political uncertainty in Tokyo. Japanese Prime Minister Shigeru Ishiba is reportedly considering stepping down amid criticism within his own party following a coalition setback in the upper house elections. Reuters reports that Ishiba’s decision could hinge on the outcome of trade negotiations with the US.
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