Trump announces trade deal with Japan that lowers threatened tariff to 15 per cent
US President Donald Trump has announced a trade framework with Japan, placing a 15 per cent tax on goods imported from that nation.
“This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump posted on Truth Social, adding that the United States “will continue to always have a great relationship with the Country of Japan.”
The president said Japan would invest “at my direction” $US550 billion ($838 billion) into the US and would “open” its economy to American autos and rice.
Trump claims that the deal will create "Hundreds of Thousands of Jobs" (AP Photo/Alex Brandon)
The 15 per cent tax on imported Japanese goods is a meaningful drop from the 25 per cent rate that Trump, in a recent letter to Japanese Prime Minister Sh...