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Trump announces ‘massive’ trade deal with Japan, setting tariffs at 15%
By CNBC, July 22nd, 2025
President Donald Trump on Tuesday stateside announced a “massive” deal with Japan that includes “reciprocal” tariffs of 15% on the country’s exports to the U.S., with auto duties reportedly being lowered to that level as well.
In a post on Truth Social, Trump labeled the agreement as “perhaps the largest Deal ever made,” while adding that Japan will invest $550 billion into the United States and the U.S. would “receive 90% of the Profits.”
Trump said that Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.”The U.S. president added that the deal would create “Hundreds of Thousands of Jobs.”
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Author: Geller Report Staff
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