"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."

White House Press Secretary Karoline Leavitt said, "Japan will now pay a 15% tariff versus the reciprocal rate of 24% that they initially had."

The deal imposes 15% tariffs on Japanese cars and other goods, one of the more favorable rates. While the start date and other basic elements are still unknown, Treasury Secretary Scott Bessent warned this week that the US would monitor implementation and bump the rate up to 25% if Trump isn’t satisfied.

View PDF After more than three months of formal negotiations and many more months of speculation about the Trump administration’s trade and economic policy toward Japan, Washington and Tokyo have agreed to a trade deal.

After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.

A new Nissan Murano on your shopping list? Or perhaps the 2026 Mazda CX-5? Big price hikes may be coming for Japanese auto imports under the U.S.-Japan trade deal announced Wednesday.

Under the US-Japan deal, which US President Donald Trump referred to as “the biggest deal ever made”, the Americans have agreed to impose 15 per cent reciprocal tariffs, compared to the 25 per cent the US had threatened earlier last week.

Japan’s chief trade negotiator says part of a US$550 billion investment package with the United States could be used to back Taiwanese chipmakers if they use Japanese parts or are selling to Japanese customers.