President Trump Announces U.S. Trade Deal Reached with Japan
President Trump on Tuesday evening, July 22, announced that his administration reached a “massive [trade] Deal” with Japan.
According to the president’s post on Truth Social, Japan has agreed to invest $550 billion in the U.S., with 90% of the profits of those deals remaining in the U.S. economy.
“Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things,” President Trump said. “Japan will pay Reciprocal Tariffs to the United States of 15%.” The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg will monitor additional details regarding this trade deal and others reached in the past few days by the Trump administration, as well as track pertinent Customs and Border Protection (CBP) guidance, and present this information to our members as received