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

Selling a small business got harder, and less lucrative, in the second quarter as President Trump's tariffs made buyers more cautious.

Japan will invest $550 billion into the U.S., and goods from the country will be subject to a 15% tariff, President Trump said. Japan has not commented on the reported deal.