President Trump announced Tuesday the completion of a sweeping trade agreement with Japan, just two weeks after warning the U.S. ally of a potential 25% tariff if no deal was reached by August 1. Under the terms, Japan will invest $550 billion into the United States and allow broader U.S. access to its markets, including automobiles, rice, and other agricultural products, while agreeing to 15% reciprocal tariffs.
The following morning after the deal was struck, Trump posted to his Truth Social account:Â
Trump also unveiled new trade deals with the Philippines and Indonesia, each featuring 19% reciprocal tariffs. The moves are part of a broader push by the administration to secure dozens of trade agreements before Trump’s self-imposed August deadline. European Union officials are scheduled to meet with U.S. negotiators in Washington on Wednesday.
