The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

U.S. automakers are concerned about President Donald Trump’s agreement to tariff Japanese vehicles at 15%, saying they'll face steeper import taxes on steel, aluminum and parts than

T he U.S. and Japan have reached a trade agreement under which the longtime U.S. will face a 15% tariff—down from a previously threatened 25%—President Donald Trump announced on Tuesday, as Japan’s Prime Minister hailed the move as a “new golden era” in the relationship between the two countries.