Today, President Trump announced a trade deal with Japan.
On Truth Social the President wrote: “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%.”
Japan’s negotiator, Ryosei Akazawa wrote on X: “Mission accomplished.” He told reporters, Japan is “the first in the world to be able to reduce tariffs on automobiles and auto parts without volume restrictions.”
The U.S. trade agreement will require U.S. importers to pay a 15% “reciprocal” tariff on Japanese goods sent to the U.S, and the country will invest $550 billion into the U.S. However, for Japan, this 15% rate will also apply to cars and car parts, giving Japan an edge over other large vehicle exporters that have been subject to a 25% tax on auto exports since April.
Trump said during a reception with Republican members of Congress Tuesday night. “I just signed the largest trade deal in history; I think maybe the largest deal in history with Japan… They had their top people here, and we worked on it long and hard. And it’s a great deal for everybody.”
Trump said the U.S. “will receive 90% of the profits” of Japan’s $550 billion investment in the United States.
Akazawa explained that Japan’s investment of $550 billion into the U.S. will take the form of equity and loans to support Japanese businesses’ investments in important sectors like pharmaceuticals and semiconductors.
By CEO NA Editorial Staff
