President Trump has struck a new trade framework with Japan, cutting the threatened 25% tariff on imports down to 15%. Under the agreement, Japan will invest $550 billion in the U.S. and open its market to American autos and rice, while the reduced levies aim to defuse market fears and shore up Trump’s “deal-maker” image.
Key details—such as whether Japanese-built cars will still face higher duties—remain unclear as the administration presses ahead with similar pacts on the Philippines (19% tariff) and Indonesia (19% reaffirmed).