A new trade agreement between Japan and the U.S. will lower tariffs on Japanese car exports and involve $550 billion in Japanese investments in the U.S. President Trump highlighted the deal as potentially the largest ever made, opening Japan to trade with the U.S. on automobiles, rice, and agricultural products. In exchange, tariffs on Japanese auto exports to the U.S. will be decreased to 15%. Japanese automotive stocks surged in anticipation of the agreement, with significant gains reported for Honda, Nissan, and Toyota.
Japan has reached a trade agreement with the U.S. that will reduce tariffs on Japanese car exports and include a $550 billion investment in the U.S.
President Trump stated the agreement opens Japan's trade to various products, including automobiles, rice, and agricultural goods. Tariffs on Japanese autos will drop to 15%.
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