Archive · 24 Jul 2025
Trump Announces Major Trade Deal with Japan, Lowering Tariffs
President Trump made a big trade deal with Japan, meaning they agreed to trade more easily.
Japan will let in more American cars, food, and other products.
They will also invest money in the US.
In return, the US will charge lower taxes on Japanese products.
The US also made a deal with Indonesia to lower tariffs on goods from both countries.
This is part of Trump's plan to make new trade deals with different countries.
President Trump announced a trade deal with Japan.
Japan will open its country to imports of American cars, trucks, rice and agricultural products.
Japanese exports to the US will be charged a 15% tariff.
The US will lower its tariff on Japanese auto exports to 15%.
Indonesia agreed to eliminate tariffs on over 99% of US goods.
- Who
- President Trump, Japanese Prime Minister Shigeru Ishiba, and Ryosei Akazawa.
- What
- President Trump announced a trade deal with Japan and also with Indonesia.
- When
- The deal was announced on Tuesday.
- Where
- The trade deal is between the US, Japan, and Indonesia.
- Why
- To ease trade tensions and encourage more trade between the countries.
- Japanese Investment in US
- $550 billion
- Tariff on Japanese exports to US
- 15%
- US Tariff on Japanese autos
- 15%
- Indonesia deal - US Goods
- Tariffs eliminated on over 99% of US goods