Latest news with #reciprocal tariff
Yahoo
2 days ago
- Business
- Yahoo
Trump announces trade deal with Japan
US President Donald Trump has announced a trade deal with Japan he says will result in Japan investing $US550 billion ($A842 billion) into the United States and pay a 15 per cent reciprocal tariff. In a post on Truth Social, Trump added that Japan will open to trade for cars, trucks, rice and certain agricultural products, among other items. "This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan," he said. Trump's announcement follows a meeting with Japan's top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday, according the Asahi newspaper. The newspaper also reported that Akazawa held meetings with US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.
CNA
2 days ago
- Business
- CNA
Trump announces trade deal with Japan, including 15% tariff
WASHINGTON: US President Donald Trump on Tuesday (Jul 22) announced a trade deal with Japan that he said will result in Japan investing US$550 billion into the United States and paying a 15 per cent reciprocal tariff. In a post on Truth Social, Trump added that Japan will open to trade, including cars, trucks, rice and certain agricultural products. "We just completed a massive deal with Japan, perhaps the largest deal ever made," he said. Japan's top tariff negotiator, Ryosei Akazawa, met with Trump at the White House on Tuesday, the Asahi newspaper reported. Earlier on Tuesday, Akazawa held more than two hours of talks with US Commerce Secretary Howard Lutnick. They engaged in "frank talks to seek an agreement benefiting both countries", according to the Japanese government. The Asahi reported that Akazawa also held a separate meeting with US Treasury Secretary Scott Bessent. Japanese Prime Minister Shigeru Ishiba aims to visit the US this month to meet with Trump if there is progress in the trade negotiations, Yomiuri newspaper reported on Wednesday.
