The agreements that Trump made after unveiling a global recovery in April are very noticeable, though like other deals, the accurate details remained unclear.
As part of the deal, Japan will buy 100 Boeing planes and the US. With companies, $ 17 billion annually will increase defense costs, a White House official said.
Japan’s Auto Toe Sector, which its U.S. More than a quarter of exports, the current tariff will see a reduction of 15% from the previous recovery of 27.5%. The duties from August Gust 1 to other Japanese goods will also be 25% to 15%.
US Treasury Secretary Scott Besent said in an interview with Bloomberg Television that Japan received a 15% rate on auto tariff “as they were willing to provide this innovative financing mechanism” that other countries could copy. On Tuesday evening, the Japanese benchmark Nikki stock index was about 4% in a year, with Toyota Auto Tomakers stocks 14% and Honda about 11%.
Wall Street opened on Wednesday, which is rapidly forwarding the expectations of more agreements before the 1 August Gust deadline. The Dow Jones Industrial Dyogic average was 158.7 points or 0.36%, which was at 44661.12 in the open. “I have done the biggest trade deal in history with Japan,” Trump announced a deal on social media.
He said on Wednesday that Japan and Indonesia in the US. I will open their markets “If a country agrees to open its market, I will only reduce the tariff.” Trump has written.
Japanese Prime Minister Shigeru Isaba, who on Wednesday rejected reports that he decided to leave after the election bruises, praised the tariff agreement, “the lowest rate applies to the countries with a trade surplus with the US”.
In 2024, the two -dimensional trade between the two countries reached about $ 230 billion, Japan was a $ 70 billion trade surplus. Japan is the fifth largest trading partner in the US Census Bureau Data Show.
US The investment package includes loans and guarantees of up to $ 550 billion of associated organizations with the Japanese government, so that Japanese companies should be able to create an elastic supply chain in major fields such as “pharmaceuticals and semiconductors.” “For example, Trump can select a semiconductor manufacturing project that will be made with Japanese funds, operating companies will be leased on lease and resulting leasing profit,” said a White House official, and the resulting leasing profit is the US. And 90% to 10% will be divided between Japan.
A white house official said the tariffs on drugs and semiconductor chips will be negotiated separately. A White House official said Billion will also buy $ 8 billion in agriculture and other products and will increase the purchase of rice, a White House official said. Ishiba said the U.S. The share of rice imports may increase under its current structure but Japanese agriculture has not been “sacrificed” in the contract.
Japanese deputy governor Shinichi Uchida described the deal as “a great progress” and said that it reduces uncertainty over the economic outlook.
Some economists predicted that the tariff Japan – could take the world’s fourth largest economy – in a recession.
Japan’s largest business lobby, Kidner, welcomed the deal, saying that Japanese companies have made significant contributions to the US economy and society. In the financial markets, warmth spreads to the stocks of South Korean and European carmakers, as the Japanese deal was optimistic that they could make the same deal.
US automakers signal their suffering from the deal, raising concerns about trade regime, which reduces tariffs on Japanese Auto toe import while leaving tariffs on 25%from their plants and suppliers in Canada and Mexico.
“Take less tariffs for Japanese imports with virtually no US content,” said Matt Blunt, the head of the American Automotive Policy Council, “said,” Matt Blunt, head of the American Automotive Policy Council, said, “Matt Blunt, the head of the American Automotive Policy Council, is said to be less than a US content.
‘Mission Complete’
“#Mission Full,” Japan’s top trade negotiator Raisi Akazawa wrote on the X following a meeting with Trump at the White House on Tuesday.
Akazawa later said the deal does not cover Japanese exports of steel and aluminum, which is currently subjected to 50% tariff.
As part of the contract, Japan is currently imported to the US. Leaving additional safety tests imposed on the car and truck, Akazawa added that Trump has told the sale of American -made auto limit there.
Some of the last minute negotiations about an eye -catching investment package seem to have helped seal the deal, showing a photo of the Akaswa meeting with Trump posted by a partner with Trump. In a photo posted by Trump’s assistant Dan Scavino, the president, who was sitting in front of the Agni, was featured in front of him with a document called ‘Japan Invest America’. The sum of “$ 400b” written in uppercase letters on the document, is written on the “$ 500” hand over it.
According to US government data, Japan is the largest foreign investor in the United States, with a $ 819 billion investment status in the end of 2024. Trump assistants are working with a fever to close the trade deal before the August 1 deadline that Trump has repeatedly pushed under pressure and intense lobbying by the industry. By that date, Trump has faced more new tariffs than those already imposed by Trump since the countries took over in January.
Trump has announced a framework agreement with Britain, Vietnam, Indonesia and paused the tight-for-tate tariff war with China, though details are yet to be worked with all those countries.
At the White House, Trump said negotiators from the European Union will be in Washington Shington on Wednesday.
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