European Union, trade deal
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Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.
After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.
Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
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Asianet Newsable on MSNEl-Erian Says Trump's Deals With EU, Japan Increase Pressure On China To Strike Its AgreementThe economist stated that China striking a deal with the U.S. is not only essential for its relationship with the United States, but also for its other trade partners.
View PDF After more than three months of formal negotiations and many more months of speculation about the Trump administration’s trade and economic policy toward Japan, Washington and Tokyo have agreed to a trade deal.
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The New Republic on MSNTrump’s Big Trade Deal With Japan Is Already Falling ApartAccording to Trump and his administration, in return for a reduction in tariffs, Japan would invest $550 billion in certain U.S. sectors and give the United States 90 percent of the profits.
The U.S. is significantly reliant on the Taiwanese company for advanced chip manufacturing, raising concerns due to its proximity to China.
The Trump administration secured a $550 billion investment from Japan with 90% of profits going to the US, along with reciprocal tariffs of 15% and expanded market access.
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.