President Trump introduced Tuesday that his administration had wrapped up an enormous commerce settlement with Japan, two weeks after threatening the US ally with 25% tariffs
“We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits,” Trump, 79, wrote on Fact Social.
“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%.”
On July 7, Trump advised Japanese Prime Minister Ishiba Shigeru his nation would pay a 25% obligation on exports to the US if a deal wasn’t wrapped by Aug. 1.
Japan is the fifth-largest US buying and selling accomplice amongst particular person nations, trailing Mexico, Canada, China and Germany.
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