Donald trump took office as the US President last January. Following this, he imposed maximum tariffs on goods imported from various countries. He announced that the imposition of the tariff would be postponed until July 9, and now he has postponed it until august 1.
Various countries are actively pursuing trade deals with the US. In that regard, trade talks were underway between japan and the US. President trump has announced that a trade deal has been signed between the two countries. He has said that the US will impose a 15 percent import tax on goods imported from japan through this trade deal.
He also pointed out in a response posted on his Truth Social social networking site that japan is planning to invest $550 billion in the United States. trump, who has registered about the trade agreement between the united states and japan, has said that the united states will be able to export its goods to the Japanese market through this trade agreement.He said that cars, trucks, rice, and certain agricultural products manufactured in the united states can now be sold in Japan. He said that the trade agreement between the united states and japan will create thousands of jobs and that 90% of these will benefit the United States.

Trump, who has posted on his social media page, said, "I have just signed a huge deal with japan, I would say it is the biggest deal ever signed. japan is going to invest $550 billion in the united states, 90 percent of which is for our benefit." Earlier, in a letter written to the Japanese government, trump had said that a 25 percent import tariff would be imposed on Japanese goods from august 1. It is in this context that the trade agreement between the two countries has now been finalized, and the 15 percent tariff has been confirmed. Currently, a 25 percent tariff is imposed on automobile products imported from Japan. Most of the goods imported from japan to the united states are for automotive production. The 25 percent tariff was high, but now it is going to be reduced.

In addition, trump has announced that the united states will form a joint venture with japan to export liquefied natural gas from Alaska. Japanese prime minister Shigeru Ishiba has also confirmed the signing of the trade agreement. He expressed hope that this will boost Japan's auto manufacturing industry. india is also holding talks with the united states regarding a trade agreement. Officials are confident that the agreement will be signed by august 1.
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Sowmiya Sriram

23/07/2025 05:16 PM