Wed, 23 Jul 2025

Wed, 23 Jul 2025 Trump announces 'massive' trade deal with Japan

The deal would result in Japan investing $550bn (£407bn) into the US and paying a 15% reciprocal tariff, Trump said.

* The US and Japan have agreed on a "massive" trade deal, with Japan investing $550bn into the US and paying a 15% reciprocal tariff.
* The plan includes Japan opening its economy to US goods, including cars, trucks, rice, and certain agricultural products.
* Japan's Prime Minister Shigeru Ishiba welcomed the announcement, saying it was "the lowest figure to date among countries with trade surpluses with the US".
* The deal would see US tariffs on vehicles and parts cut from 25% to 15%.
* The agreement does not include any reduction of tariffs on the Japanese side.
* Japan's benchmark share index rose by over 3% in Tokyo, with strong gains for shares in motor industry giants including Toyota, Nissan, and Honda.
* The deal comes as Ishiba faces pressure to step down after his party lost its majority in the country's upper house in elections over the weekend.
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