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‘Massive trade deal’: Donald Trump announces 15% reciprocal tariffs for Japan; reveals $550 billion investment plan, says US to get 90% of profits
Donald Trump declared the completion of a significant trade agreement with Japan, averting a threatened 25% tariff. The deal includes a 15% American tariff on Japanese imports and a $550 billion Japanese investment in the U.S., purportedly generating numerous jobs. Japan will also open its markets to American cars, trucks, rice, and other agricultural products, subject to reciprocal 15% tariffs.
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