US President said he had reached a with Japan on Tuesday.
Under the new terms, the US will place a 15% tariff on goods imported from , down from a previously threatened 25% tariff.
Trump also claimed that Japan would invest $550 billion (€468.5 billion) in the United States “at my direction” and would “open” its economy to American autos and rice.
“This deal will create hundreds of thousands of jobs — there has never been anything like it,” Trump posted on Truth Social.
He added that the United States “will continue to always have a great relationship with the country of Japan.”
How did Japan react to the announcement?
Japanese Prime Minister said he was ready to meet or speak over the phone with Trump after being briefed on the details by Japan’s top trade negotiator Ryosei Akazawa, who has been in Washington for talks.
“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.
Meanwhile, Akazawa posted on X: “Mission accomplished.”
Shares in jumped following the announcement, with Mazda up 12%, Toyota up around 10%, Honda up by over 8% and and Nissan up 6.5%.
More to follow…
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