President Donald Trump announced on Tuesday that the United States and Japan have struck a significant trade deal, introducing a 15% tariff on U.S. imports from Japan. In a post on Truth Social, Trump revealed that the agreement includes $550 billion in Japanese investments within the United States.
He highlighted that Japan will expand market access for American producers of cars, trucks, rice, and various agricultural products. However, there was no mention of easing tariffs on Japanese automobiles, which constitute over a quarter of Japan’s exports to the U.S. and are currently subject to a 25% tariff.
“This is a very exciting time for the United States of America, especially as we continue to have a great relationship with the country of Japan,” Trump stated during an event at the White House.
Additionally, Trump announced a joint venture between the U.S. and Japan for liquefied natural gas (LNG) in Alaska, though he provided no further details.
The announcement follows a meeting with Japan’s top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday, according to sources familiar with the matter. Both the White House and the Japanese Foreign Ministry have yet to release additional information regarding the deal.
