{"id":17118,"date":"2025-07-23T04:18:08","date_gmt":"2025-07-23T04:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/17118\/"},"modified":"2025-07-23T04:18:08","modified_gmt":"2025-07-23T04:18:08","slug":"trump-announces-massive-trade-deal-with-japan-donald-trump-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/17118\/","title":{"rendered":"Trump announces \u2018massive\u2019 trade deal with Japan | Donald Trump News"},"content":{"rendered":"

United States President Donald Trump has announced that he has struck a \u201cmassive\u201d trade deal with Japan following months of fraught negotiations.<\/p>\n

Under the agreement announced on Tuesday, the US will impose a 15 percent tariff on Japanese exports and Japan will invest $550bn in the US, Trump said.<\/p>\n

\u201cWe just completed a massive Deal with Japan, perhaps the largest Deal ever made,\u201d Trump wrote on his Truth Social platform.<\/p>\n

\u201cJapan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits.\u201d<\/p>\n

Japan will also open up to US exports of cars, rice and certain agricultural products, Trump said, adding that the deal would create \u201chundreds of thousands of jobs\u201d.<\/p>\n

\u201cThere has never been anything like it,\u201d he wrote.<\/p>\n

Speaking at a reception with members of the US Congress later on Tuesday, Trump said the sides had also agreed to form a joint venture to exploit liquified natural gas in Alaska.<\/p>\n

\u201cIt\u2019s a great deal for everybody. I always say it has to be great for everybody,\u201d he said.<\/p>\n

\u201cIt\u2019s a great deal \u2013 a lot different from the deals in the past, I can tell you that.\u201d<\/p>\n

Japanese Prime Minister Shigeru Ishiba, whose ruling coalition is reeling from the loss of its upper house majority over the weekend<\/a>, on Wednesday told reporters that he would \u201ccarefully examine\u201d the details of the agreement, but he believed it was in the national interest.<\/p>\n

Confirming local media reports, Ishiba said US tariffs on Japanese automobiles would be lowered from 25 percent tariff to 15 percent.<\/p>\n

Trump\u2019s auto tariffs, as well as his 50 percent duties on\u00a0aluminium and steel, had been a major sticking point in the months-long negotiations between Washington and Tokyo.<\/p>\n

Japan, which until now has been subject to Trump\u2019s 10 percent baseline tariff, was facing a 25 percent duty on most exports if Washington and Tokyo did not reach a deal by an August 1 deadline.<\/p>\n

\u201cReciprocal tariffs set at 15% (down from the 25% earlier this month) is relatively good news for Japan, but questions remain if Japan has created any carveouts for Section 232 tariffs in key sectors like steel and semiconductors,\u201d William Chou, deputy director of the Japan Chair at the Hudson Institute in Washington, DC, said in a post on LinkedIn.e.<\/p>\n

US Secretary of the Treasury Scott Bessent hailed the deal as a \u201chistoric agreement\u201d.<\/p>\n

\u201cI am happy to reaffirm our commitment to deepening this longstanding alliance and building the next chapter of US-Japan cooperation as we enter a new Golden Age under President Trump,\u201d Bessent said on X.<\/p>\n

Japanese auto stocks soared following Trump\u2019s announcement, with Mazda rising more than 17 percent and Toyota, Nissan and Honda up by between 8.5 and 12 percent on Wednesday morning.<\/p>\n

Japan\u2019s benchmark Nikkei 225, which tracks the broader stock market, rose nearly 3 percent.<\/p>\n

While details were sparse, Trump\u2019s announcement is potentially the most significant of his trade deals to be unveiled so far, following preliminary agreements with the United Kingdom, Indonesia, Vietnam and the Philippines, and a 90-day trade truce with China.<\/p>\n

Japan, the world\u2019s fourth-largest economy, is the US\u2019s fifth-largest trading partner.<\/p>\n

The US imported $148.2bn worth of Japanese goods in 2024, while Japan bought $79.7bn worth of US products, according to the US Census Bureau.<\/p>\n

\u201cIt\u2019s a sign of the times that markets would cheer 15 percent tariffs,\u201d said Brian Jacobsen, chief economist at US-based Annex Wealth Management.<\/p>\n

\u201cA year ago, that level of tariffs would be shocking. Today, we breathe a sigh of relief.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"United States President Donald Trump has announced that he has struck a \u201cmassive\u201d trade deal with Japan following…\n","protected":false},"author":2,"featured_media":17119,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6109,1376,46,43,1687,2454,44,41,39,42,40,1689],"class_list":{"0":"post-17118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-asia-pacific","9":"tag-donald-trump","10":"tag-economy","11":"tag-headlines","12":"tag-international-trade","13":"tag-japan","14":"tag-news","15":"tag-top-news","16":"tag-top-stories","17":"tag-topnews","18":"tag-topstories","19":"tag-trade-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/17118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=17118"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/17118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/17119"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=17118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=17118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=17118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}