Trump says US has struck trade deal with Japan
Trump says US has struck trade deal with Japan2 hours agoShareSavePeter Hoskins & Tom EspinerBusiness reporters, BBC NewsShareSaveWatch: 'I just signed the largest trade deal in history' says Trump on Japanese tariffsPresident Donald Trump says the US has agreed to a “massive” trade deal with Japan, one of the country's largest trading partners.
Japan has agreed to invest $550bn (£407bn) in the US while its goods sold to America would be taxed at 15% when they reach the country – below the 25% tariff Trump had threatened.
Trump said on social media that Japan would open its economy to US goods, including cars, trucks, rice and certain agricultural products.
Japan's Prime Minister Shigeru Ishiba welcomed the announcement, saying it was “the lowest figure to date among countries with trade surpluses with the US”.
“I just signed the largest trade deal in history, I think maybe the largest deal in history with Japan,” Trump touted at a White House event on Tuesday eveni..
