Trade deal signed with Japan includes 15% tariff, says Trump

According to the US president, the deal involves $550 Bn in Japanese investments and expanded market access for American cars, rice, and other agricultural goods.

People react as they read a special edition of Yomiuri Shimbun newspaper reporting the tariff deal agreement between U.S and Japan, in Tokyo, Japan, July 23, 2025 | Reuters

Washington: President Donald Trump on Tuesday said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on U.S. imports from the country.

In a post on Truth Social, Trump said the deal would include $550 billion of Japanese investments in the United States.

He also said that Japan would increase market access to American producers of cars, trucks, rice and certain agricultural products, among other items.

Trump’s post made no mention of easing tariffs on Japanese automobiles, which account for more than a quarter of all the country’s exports to the United States and are subject to a 25% tariff.

Reuters could not immediately confirm the elements of the deal announced by Trump, and details were scant.

The White House did not immediately respond to a request for additional details, while the Japanese foreign ministry did not immediately respond to a request for comment on Trump’s announcement.

“This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan,” Trump said.

Trump’s announcement follows a meeting with Japan’s top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday, according to a person familiar with the matter.

This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.