President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago.
“We just completed a massive Deal with Japan, perhaps the largest Deal ever made,” Trump said on Truth Social.
As part of the deal, US importers will pay 15% “reciprocal” tariffs on Japanese goods exported to the United States. Japan also will invest $550 billion dollars into the United States, the president said.
Trump added that the US “will receive 90% of
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