00:00US President Donald Trump has announced a trade deal with Japan, imposing 15% tariffs on Japanese exports, including autos.
00:08He also says Japan would invest $550 billion in the US, with America receiving 90% of the profits.
00:17Japanese Prime Minister Shigeru Ishiba said that the investment includes loans and guarantees from government-affiliated institutions
00:24to help Japanese firms build supply chains in key sectors like pharmaceuticals and semiconductors.
00:32According to the Trump administration, Japan will also boost imports of US agricultural products, including rice.
00:40However, Ishiba emphasized that the deal does not compromise Japanese agriculture.
00:45The announcement also sent Japan's benchmark Nikkei index, soaring nearly 4%,
00:50to a one-year high, led by automakers Toyota, surged over 14%, while Honda jumped nearly 11%.
00:58Earlier this month, Trump threatened to impose 25% tariffs on Japan starting August 1st.
01:05Bilateral trade reached nearly $230 billion US dollars in 2024, with Japan holding a $70 billion US dollar surplus.
01:14According to US Census Bureau data, Japan remains the US's fifth largest goods trading partner.
01:22Meanwhile, Ishiba is also facing party pressure to step down after a heavy election loss.
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