President Trump said on Tuesday that he has signed a “large -scale” trade deal with Japan that asks the country for a 15% tariff on American imports.
President wrote True social This will, as part of the agreement, will invest $ 550 billion in the US, “which will receive 90% of the profit.” He also said that Japan “will open its country to trade with cars and trucks, rice and some other agricultural products.” 15% tariff rate floating by Mr. Trump is slightly less than 25% Proposed earlier this month.
The Japanese government has not publicly commented on the report reported. CBS News has reached the Japanese Embassy in Washington, DC for comments.
Japan is the fifth largest trading partner in the United States, according to Federal statisticsJapan bought US goods worth $ 79.7 billion last year, and the US imported Japanese goods worth $ 148.2 billion.
“This is a very exciting time for the United States, and especially for the fact that we will always continue a great relationship with the country of Japan,” Mr. Trump wrote on Tuesday.
This is a developing story; It will be updated.
