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'Mission complete': What's in the US-Japan trade deal?
US President Donald Trump has struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods, in exchange for a US$550 billion package of US-bound investment and loans. Trump on Tuesday (Jul 22) hailed the "massive" deal with Japan as "perhaps the largest deal ever made". "#Mission Complete," Japan's top trade negotiator Ryosei Akazawa wrote on X following a meeting with Trump at the White House. Trade between the two countries totalled nearly US$230 billion in 2024, with Japan running a trade surplus of nearly US$70 billion. Japan is the fifth-largest US ... (full story)
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