Trump lands on a historic $ 550 billion trade agreement with Japan that creates US jobs

Japan has achieved a « massive » $ 550 billion trade agreement, President Donald Trump Said Tuesday and added that it created hundreds of thousands of jobs.

« I just concluded a massive agreement with Japan, perhaps the biggest deal of all time, » Trump wrote the truth about social. « Japan invests $ 550 billion in my direction in the United States, which gets 90% of profits. This shop creates hundreds of thousands of jobs – this has never been. »

Trump said that Japan will open his country in the shop, for example in cars, truck cars, rice and other agricultural products.

Japan pays too Under the trade, 15%reciprocal tariffs to the United States.

Trump urged me to accept South Korea for technology regulations targeting us, to book China

« This is a very exciting time in the United States of America, and especially the fact that we always have a big relationship with Japan, » Trump said.

While talking in a white house on Tuesday evening, Trump praised for the agreement and how he « signed the biggest trade in history » with Japan.

He said that Japan’s « best people » were in a white house and worked hard for a long time and for everyone. « 

Trump announces 25%tariffs in Japan, South Korea

« I always say that it must be great for everyone, » Trump said. « It’s a lot – a lot different from the offers of the past, I can tell you that. But we have a really good country. »

The shop with Japan will be about two weeks after Trump announced the United States set a 25% tariff Of goods imported from Japan.

The payments were expected on August 1, and if Japan raised the tariffs in a counter -procedure, Trump threatened to add the tariffs with an equal number to Japan’s Prime Minister in a letter sent to Shigeru Ishiba.

The tariffs will return to April level if the countries do not make a contract by 1 August, Bessent says

In the same letter, however, Trump told Japan that « The tariff will not come« If Japanese companies » decide to build or manufacture products in the United States, and in fact we do everything possible to obtain approvals quickly, professionally and routinely – in other words, within a few weeks. “

« We are looking forward to working with you as a trading partner in the coming years. If you want to open a closed trading market in the United States so far and remove your tariffs and tariffs, policies and barriers to trade, we may consider this letter, » Trump added.

In April, Trump announced « reciprocal » tariff policy that US tariffs imported from US foreign countries are based on the size of the American bilateral trade deficit on these countries.

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Based on the reciprocal tariffs reported at the so-called « Liberation Day » event, imports from Japan to meet a 24 % tariff, while South Korean’s tariffs would be applied to 24 % tariff numbers, which are largely consistent with 25 % of the tariffs reported in his letters.

Fox Business’ Eric Revell participated in this report.