Trump signs largest trade deal in history with Japan

US President Donald Trump has announced the signing of a trade deal with Japan, which he called “perhaps the largest in history.” According to Trump, the agreement provides for Japan to invest $550 billion in the US economy, with 90% of the profits going to the US.

The deal opens the Japanese market to US goods, including cars, trucks, rice and other agricultural products. “It will create hundreds of thousands of jobs in the US — nothing like this has ever happened before,” Trump said. In addition, Japan agreed to pay reciprocal tariffs of 15% in favor of the US.

According to Reuters, negotiations between the US and Japan have been delayed because Tokyo failed to conclude an agreement by the previous deadline of July 9. Washington decided to postpone the introduction of increased “American liberation tariffs” until August 1, which gave the parties additional time to reach an agreement.

This agreement is an important step for American farmers, as Japan remains a key market for U.S. agricultural exports, including rice, beef and other goods. Opening up the Japanese market could significantly strengthen the position of American farmers on the international stage.

Tags: agricultural products, USA, Japan