President Trump announced a major trade deal with Japan, calling it "possibly the biggest deal ever made."
Japan will invest $550 billion in the US and face a 15% tariff on imports, while opening its market to US automobiles and agricultural products. The yen initially rose following this news.
https://truthsocial.com/@realDonaldTrump/114899417740854572/embedTrump also reached a trade deal with the Philippines, which is his fourth such agreement after the UK, Vietnam, and Indonesia. The US will apply a reciprocal 19% tariff on Philippine goods (reduced from a threatened 20%), while the Philippines will eliminate all tariffs and completely open its market to US imports, highlighting the US's superiority in negotiations.
This is a developing story.