Trump announces Japan tariff deal
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He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining
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Amazon S3 on MSNJapan Clarifies Profit Terms In Investment Pact Linked To Tariff CutsJapan’s government clarified Friday that profits from a $550 billion U.S.-bound investment package, tied to a new tariff agreement, will be split based on contributions from each side, according to Reuters.
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In comparison with the 25% tariff Trump slapped on Tokyo earlier this month, a 15% tariff seems like a big improvement.
Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo's success in protecting the agricultural sector in agreeing a bilateral trade deal.
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Japanese Prime Minister Shigeru Ishiba denied reports he plans to announce his resignation over a historic defeat of his ruling party in a weekend election.