President Donald Trump announced Tuesday the successful negotiation of a landmark trade deal with Japan, describing it as possibly “the largest Deal ever made.” The agreement follows weeks of hard-line tariff negotiations and is expected to have a major economic impact.
“We just completed a massive Deal with Japan… $550 Billion will be invested into the United States,” Trump wrote on Truth Social.
“Ninety percent of the profits will stay here.”
The deal also includes 15% tariffs on all Japanese exports to the United States and the opening of Japanese markets to key U.S. industries, including cars, trucks, rice, and agriculture.
Trump emphasized the broader impact:
“This Deal will create Hundreds of Thousands of Jobs… There has never been anything like it.”
Trade Victory Follows Tough Tariff Strategy
The breakthrough comes after President Trump’s “Liberation Day” tariffs, launched in April, placed 24% duties on Japanese imports. A temporary pause in mid-April lowered rates to 10%, but pressure resumed when Trump threatened a 30% tariff in a direct letter to Japanese Prime Minister Shigeru Ishiba.
Japan is the fifth-largest source of U.S. imports, sending over $148 billion in goods in the last year—mostly automobiles, car parts, and heavy machinery. Meanwhile, the U.S. exported about $80 billion in goods to Japan, with top products including oil, gas, pharmaceuticals, and aerospace items.
This latest agreement builds on the 2019 U.S.-Japan Trade Agreement, which opened the door for tariff-free goods on both sides.
Trump Also Finalizes Deals with Philippines, Indonesia
In addition to the Japan announcement, Trump confirmed that new trade agreements with Indonesia and the Philippines have also been signed.
Both nations will face a 19% tariff rate on exports to the U.S. under the new deal. In return, American products will gain open-market access in both countries.
After hosting Philippine President Ferdinand “Bongbong” Marcos Jr. at the White House, Trump posted:
“The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs [on U.S. goods]… It was a Great Honor to be with the President. He is Highly Respected in his Country… and a very good, and tough, negotiator.”
Trump also confirmed that military cooperation between the two countries would expand under the new agreement.
