Trump Announces ‘Massive’ Trade Deal with Japan with 15% Tariffs by Lim Hui Jie
President Donald Trump on Tuesday stateside announced that he had made the “largest Deal ever” with Japan, that involves “reciprocal” tariffs of 15% on the country’s exports to the U.S.
- Trump said that Japan will invest $550 billion into the United States, adding that the U.S. will “receive 90% of the Profits.”
- He also said Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.”
- The U.S. president added that the deal would also create “Hundreds of Thousands of Jobs.” Trump announces ‘massive’ trade deal with Japan with 15% tariffs