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Trump says 'massive' trade deal reached with Japan
US President Donald Trump announced on Truth Social what he called a "massive" trade agreement with Japan, saying Japan would invest $550 billion in the United States, which would receive 90% of the profits, and would pay 15 percent reciprocal tariffs. Japanese Prime Minister Shigeru Ishiba said he needed to examine the details before commenting, and no further details or formal responses had been provided.
As for what to make of the outcome of the negotiations, I am not able to discuss it until after we carefully examine the details of the negotiations and the agreement
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$550 Billion DollarsJapanese investment pledged into the United StatesSun English"Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the profits," he said, though no further details were provided.
Word for word from the report in Sun English. Open the report
90%Share of profits the United States would receiveSun English"Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the profits," he said, though no further details were provided.
Word for word from the report in Sun English. Open the report
15 percentReciprocal tariff Japan would pay the United StatesSun EnglishTrump added that Japan would "open their country to trade including cars and trucks, rice and certain other agricultural products," and would pay reciprocal tariffs to the United States of 15 percent.
Word for word from the report in Sun English. Open the report
25 percentEarlier threatened tariff on Japanese imports including carsSun EnglishWhile Trump has previously threatened 25 percent tariffs on Japanese imports, including cars, and 50 percent tariffs on steel and aluminum, his Tuesday post did not clarify whether those industry-specific duties would be lifted as part of the agreement.
Word for word from the report in Sun English. Open the report
50 percentEarlier threatened tariff on steel and aluminumSun EnglishWhile Trump has previously threatened 25 percent tariffs on Japanese imports, including cars, and 50 percent tariffs on steel and aluminum, his Tuesday post did not clarify whether those industry-specific duties would be lifted as part of the agreement.
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Ishiba told reporters he could not discuss the negotiation outcome until the details were examined.TokyoSun English"As for what to make of the outcome of the negotiations, I am not able to discuss it until after we carefully examine the details of the negotiations and the agreement," Ishiba told reporters in Tokyo after Trump's announcement in Washington.
Word for word from the report in Sun English. Open the report