Trump Announces Trade Deal with Japan: 15% Tariff on Cars and $55 Billion U.S. Investment

BlockBeats News, July 23rd, President Trump of the United States tweeted that the U.S. has just reached a major agreement with Japan, which may be the largest agreement ever. As per Trump's direction, Japan will invest $550 billion in the U.S., and the U.S. will receive 90% of the profits. This agreement will create tens of thousands of jobs — unprecedented. Perhaps most importantly, Japan will open up its country's trade, including automobiles and trucks, rice and certain other agricultural products, and other things. Japan will pay a 15% reciprocal tariff to the U.S. For the U.S., this is a very exciting moment, especially as the U.S. will continue to maintain a good relationship with Japan. (FX678)