Trump Announces 'Biggest Deal' with Japan What's the Real Deal?
United States President Donald Trump declared Wednesday morning that the US had finalized a "big deal" with Japan, which he claimed was one of the largest trade agreements ever. In his statement, Trump revealed that Japan would invest $550 billion in the United States as part of the agreement.
In addition to the substantial investment, Trump also stated that Japan would impose a 15% reciprocal tariff on US products and would open up access to its domestic market, including for the automotive sector. This statement comes amid global trade tensions ahead of the August 1 tariff deadline set by the US for several of its trading partners. (ayu)
Source: Newsmaker.id