US EditionU.S.-Japan Tariff Deal Could Include Billions for U.S. Shipyards
TOKYO, JAPAN, JUL 25 – The deal includes a reciprocal 15 percent tariff and a $550 billion investment package from Japan to support the US economy, easing trade tensions after three months of talks.
- On August 1, Japan and the United States secured a last-minute trade deal, capping reciprocal tariffs at 15%, and avoiding a confrontation ahead of the tariff deadline.
- Amid mounting pressure, negotiators engaged in extensive talks, leading to the deal after three months of negotiations, Ryosei Akazawa's eighth US visit, and a $550 billion investment pledge.
- The White House said Japan will buy 100 Boeing aircraft and boost US rice purchases by 75%.
- White House Press Secretary Karoline Leavitt warned other trading partners they would face steep tariffs if markets remained closed, while Trump said `Tariff Power` was the reason for the agreement.
- Faced with potential GDP losses, Japan is expected to strengthen ties with the European Union and ASEAN, as private-sector estimates project the 15% tariff could reduce Japan’s GDP by up to 0.5%.
33 Articles
33 Articles
Trump’s ‘Largest Deal Ever’ Faces Japan Diet in Crisis
When President Donald Trump revealed that his administration had struck a “massive” trade and investment deal with Japan, he described it as “completed”—but it must still pass the Japanese parliament, called the Diet, which is riven with political turmoil. The deal will likely require—at least in part, if not in full—approval by the Diet, where Prime Minister Shigeru Ishiba’s coalition government very recently lost its majority in the upper cham…
Our front page: A Japan deal, an AI promise, and more
From the latest issue of Inside U.S. Trade Japan deal: Basics described, many details to follow. Japan gets a lower tariff rate than previously proposed (down to 15 percent from 25 percent, including automobile imports, a key issue for Japan); the U.S. gets expanded access to Japanese markets (for automobiles, energy and a range of agricultural products) plus a commitment for $550 billion investment in U.S. industry. A White House fact sheet c…
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