Former US President Donald Trump has announced the completion of a major trade deal with Japan, describing it as potentially the largest ever made. Trump stated that Japan will invest $550 billion in the United States, with the US expected to receive 90% of the profits. This agreement, he claimed, would create hundreds of thousands of jobs. The deal involves a 15% reciprocal tariff on Japanese goods exported to the US. Trump highlighted that Japan would open its market to US goods, including automobiles and agricultural products. The announcement follows months of negotiations, with trade in rice and automobiles being key discussion points. The deal also comes after the threat of increased tariffs from the US on Japanese imports. Japan is a significant trading partner for the US, and the agreement aims to strengthen bilateral ties.
Trump Announces Historic Trade Deal with Japan, Promising Substantial Profits for the US
By News Analysis India1 Min Read