1 month ago
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President Trump connected Tuesday announced that his medication had reached an statement with Japan connected trade, which would spot the U.S. enforce a 15 percent tariff connected Japanese goods.
Trump posted connected Truth Social that Japan would put $550 cardinal successful projects successful the United States, though helium did not specify what those investments would entail. He besides said Japan would unfastened its markets to U.S. automobiles, atom and different cultivation products.
Japan volition besides wage a 15 percent tariff to export its goods into the United States, Trump said. That is little than the 25 percent tariff Trump had threatened to enforce connected Japan opening Aug. 1.
"This is simply a precise breathtaking clip for the United States of America, and particularly for the information that we volition proceed to ever person a large narration with the Country of Japan," Trump posted.
Japan is 1 of the United States's largest trading partners. The U.S. exported astir $80 cardinal successful goods to Japan successful 2024, portion Japan exported astir $148 cardinal to the United States.
Trump has been announcing a bid of commercialized deals with different nations starring up to Aug. 1, erstwhile helium has threatened to rise tariffs connected trading partners. The summation successful tariffs comes aft the president had backed disconnected sweeping "reciprocal" tariffs against dozens of different nations.
The president earlier Tuesday announced the contours of a commercialized statement with the Philippines aft its person met with Trump successful the Oval Office. The White House has antecedently touted agreements with the United Kingdom, Indonesia and Vietnam, arsenic good arsenic a model with China.
