President Donald Trump has announced a major trade agreement with Japan, lowering tariffs on Japanese imports to 15%—down from a threatened 25%—and touting it as the largest trade deal in history. The deal is expected to boost U.S. exports of agricultural goods and airplanes to Japan, while giving Japanese automakers a potential edge in the U.S. market. U.S. automakers and labor unions have voiced concerns that the agreement puts them at a disadvantage compared to Japanese competitors. The announcement has sparked rallies in both U.S. and Asian stock markets, as investors anticipate further trade deals and reduced global trade tensions. However, critics note that many details remain unclear, and the broader impact on U.S. industry and international trade relations is still uncertain.
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