Trump announces trade deals with Japan and the Philippines

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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/embed

Trump 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.

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