President Donald Trump declared on Monday that a monumental trade agreement has been reached with Japan. The deal, valued at $550 billion, will see Japan investing heavily in the U.S., with America receiving 90% of the profits.
What Happened: Trump emphasized the job creation potential, stating it would generate hundreds of thousands of jobs. Additionally, Japan will open its markets to U.S. cars, trucks, rice, and other agricultural products, while agreeing to a reciprocal tariff of 15% on U.S. imports.
“Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits,” said Trump. He added, “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it.”
Trump’s announcement, made through a post on Truth Social, comes after a series of tense trade …