Trump announces a trade agreement with Japan with customs duties of 15%

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Trump announces trade agreement japan:

The Japanese Prime Minister. however, assured Tuesday evening that he still has to examine the details of the trade agreement announced by the American president.

US President Donald Trump announced Tuesday July 22, having concluded a trade agreement with Japan, which includes 15% customs surcharge on Japanese products imported into the United States. “We have just concluded an important trade agreement with Japan”wrote Donald Trump on his social social platform. Meanwhile, saying that there was “Never had anything like this”. Consequently, “Japan will pay 15% customs duties in the United States”he said. Therefore, while specifying that this agreement with Tokyo would lead to the creation of “Hundreds of thousands of jobs”.

He also mentioned Japanese investments up to “550 billion dollars” on American soil. Meanwhile, without giving details other than asserting that trump announces trade agreement japan “90% of profits would be collected by the United States”. Furthermore, “Probably more important”according to him. For example, Tokyo agreed to open Japan “To the trade of cars and pick-ups, rice and a number of other agricultural products, and other things”. President Trump noted that despite “These reciprocal customs duties of 15%”the United States. Japan “Will continue to always have an excellent relationship”.

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US Treasury Secretary Scott Bessent had declared on July 18 that a trade agreement with Japan. remained «possible»after a meeting in Tokyo with senior Japanese officials. The date of entry of new customs duties is scheduled for August 1 with all countries. either within the framework of a trade agreement if it occurs by then, or with the unilateral application by Washington of sometimes very high customs duties which were initially applied in early April. Regarding Japan. the republican billionaire had threatened to impose trump announces trade agreement japan 25% on all Japanese imports, in addition to the already severe surcharge applied to imports of vehicles, steel and aluminum.

“Europe comes tomorrow” – Trump announces trade agreement japan

In addition. during a reception with Republican elected officials to mark his six months of mandate, Donald Trump said shortly after his message on Truth Social that “Europe came tomorrow and, the next day, we have others who come”. He thus referred to the countries. regions whose negotiations for a trade agreement have not yet succeeded at this stage. Earlier in the day. he had detailed the conditions of the trade agreement signed a week earlier with Indonesia, welcoming himself to open “The Indonesian market with American companies”. According to a press release from the White House. it is however an agreement on the framework of negotiations for an upcoming trade agreement, which therefore remains to be built.

Washington had announced that it trump announces trade agreement japan has so far signed four trade agreements, the last with the Philippines on Tuesday. They also agreed with the United Kingdom and Vietnam, for example. The United States has also concluded a de-escalation agreement with China. after a rise in trade tensions between the first two world economic powers in the wake of the announcement of so-called “reciprocal” customs duties.

Toyota. Nissan and Honda flew 6% on the stock market after the announcement of this agreement, which provides that American from the automobile is reduced to 15%.

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