Trump claims he’s made a ‘massive’ trade deal with Japan
Trump announces ‘perhaps the largest deal ever made’
- President Donald Trump announced a significant trade framework with Japan – “perhaps the largest deal ever made” – claiming it would create "thousands of jobs" and billions of dollars for the United States.
- The agreement includes a 15 per cent tax on goods imported from Japan, a reduction from the 25 per cent rate previously threatened.
- Trump stated Japan would invest $550 billion into the US and open its market to American-made vehicles as well as “rice” and “other things”.
- Japanese Prime Minister Shigera Ishiba confirmed the new trade agreement, asserting it would benefit both nations and foster cooperation.
- The announcement led to a 2.6 per cent rise in the Tokyo stock market, with major Japanese automakers experiencing significant share increases, though American automakers voiced concerns over the deal's terms.