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Trump Reaches Japan Deal With Tariff Rate Set at 15%

Trump Reaches Japan Deal With Tariff Rate Set at 15%

Bloomberg11 hours ago
Good morning. Donald Trump announces a trade deal with Japan. The German and French leaders meet in Berlin tonight. And Ozzy Osbourne has died. Listen to the day's top stories.
The US president announced a deal with Japan that sets tariffs on the nation's imports at 15%, including for autos—by far the biggest component of the trade deficit between the countries. The agreement provides some clarity on the broad contours of a new trade landscape. Talks continue with major economies including the European Union and India.
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EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs
EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs

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EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs

(Bloomberg) -- The European Union and the US are progressing toward an agreement that would set a 15% tariff for most products, according to diplomats briefed on the negotiations. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars, the diplomats said. Steel and aluminum imports above a certain quota would face the 50% duty, one of the diplomats added. The diplomats said that while the EU is optimistic that a deal can be reached, they are also cautious that any final agreement will need sign off from US President Donald Trump and his ultimate decision is difficult to predict. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P.

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