Trump Strikes 'Massive' Trade Deal With Japan, Slapping 15% Tariffs on Imports

U.S. President Donald Trump has announced a major trade agreement with Japan, ending weeks of tense negotiations and averting previously threatened 25% tariffs. Under the new deal, the U.S. will impose a 15% tariff on Japanese imports, a move Trump touts as 'reciprocal' and beneficial for American interests. The agreement includes significant Japanese investment in the U.S. and covers key sectors such as autos and agriculture. The news sparked a rally in Japanese and global stock markets, especially among automakers. However, the deal has also created political uncertainty in Japan, with Prime Minister Ishiba facing pressure over the outcome.