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Trump announces US-Japan trade deal with reduced 15 percent tariffs

( July 23, 2025, 00:32 GMT | Official Statement) -- MLex Summary: US President Donald Trump announced that the US and Japan have reached a trade deal. Under the agreement, the US will impose a reciprocal tariff of 15 percent, instead of the previously announced 25 percent. In a post on Truth Social, Trump said that Japan will open its market to imports of cars, trucks, rice and other agricultural products from the US, and will also invest $550 billion in the US. The president hailed the deal as the "largest ever" agreement. Japanese chief negotiator Ryosei Akazawa is visiting Washington D.C. to discuss the details of the trade deal with his American counterparts. Trump's Truth Social post follows:...

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