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A “massive” trade agreement of $ 550 billion is concluded with Japan, President Donald Trump said on Tuesday, adding that it will create hundreds of thousands of jobs.
“We have just closed a huge deal with Japan, perhaps the biggest deal ever closed,” wrote Trump about Truth Social. “Japan will invest in my direction, $ 550 billion dollars in the United States, which will receive 90% of the profit. This deal will create hundreds of thousands of jobs – there has never been anything like that.”
Trump said that Japan will open his country to trade things like cars, trucks, rice and other agricultural products.
Japan will also pay mutual rates of 15% to the US, under the deal.
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President Donald Trump announced a $ 550 billion trade agreement with Japan that will create hundreds of thousands of jobs and open Japanese markets for American cars, trucks and agricultural products. (Reuters / Kent Nishimura / Reuters)
“This is a very exciting time for the United States of America, and especially for the fact that we will always have a great relationship with the Land of Japan,” Trump said.
While he spoke in the White House on Tuesday evening, Trump led the deal and how he “signed the biggest trade agreement in history” with Japan.
He said that the Japanese “top people” were in the White House and worked long and hard on a “big deal for everyone”.
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President Donald Trump holds a graph of “mutual rates” while speaking during a “Make America Wealthy Again” Trade Appuration event in the Rozentuin in the White House on 2 April 2025. (Chip Somodevilla / Getty Images / Getty images)
“I always say it should be great for everyone,” Trump said. “It’s a lot – very different from the deals in the past, I can tell you that. But we really do well as a country.”
The deal with Japan comes about two weeks after Trump announced that the US would impose 25% rates for goods imported from Japan.
The taxes would take effect on 1 August, and if Japan increased the rates as a retribution, Trump threatened to increase rates with an equal amount in a letter sent to Japanese Prime Minister Shigeru Ishiba.
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An employee works on the factory floor of Auto -parts supplier Asahi Tekko in the city of Hekinan, Aichi Prefecture on April 1, 2025. (Richard A. Brooks / AFP via Getty Images / Getty images)
In the same letter, however, Trump told Japan that “there will be no rate” as companies in Japan “decide to build or produce product in the United States and in fact we will do everything possible to get quickly, professionally and routine – within a few weeks.”
“We look forward to working with you for many more years as your trading partner. If you want to open your so far closed trade markets for the United States and want to eliminate your rate and non -rate, policy and trade barriers, we might consider an adjustment to this letter,” Trump added.
In April, Trump announced a “mutual” rate policy, including American rates imported from abroad, would be based on the size of the bilateral trade deficit of America with those countries.
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According to the mutual rates announced during the so-called “Liberation Day” event, the import from Japan would receive a rate of 24%, while goods from South Korea would have a 24% rate on them that are largely in line with the 25% rates that the President has announced in his letters.
