President Donald Trump has announced a major trade agreement with Japan, touting it as the 'largest deal in history' and a significant win for American businesses. The deal sets a 15% tariff on Japanese imports, notably lowering the rate from a threatened 25%, and includes a $550 billion Japanese investment pledge into the US. While the agreement is credited with boosting US and Asian stock markets, it has sparked concern among US automakers, who fear Japanese carmakers will gain a competitive edge. The deal is also seen as a potential model for future trade negotiations with the EU and other partners. However, many details remain unclear, and critics argue the agreement may favor Japan more than the US in key sectors.
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