Home Business Trump Says U.S. Has A Deal With Japan To Lower Proposed Tariffs

Trump Says U.S. Has A Deal With Japan To Lower Proposed Tariffs

Jul 23, 2025

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By Jacob Bogage, David J. Lynch and Michelle Ye Hee Lee

President Donald Trump on Tuesday said he had cinched a trade deal with Japan, reducing the tax he had planned to levy on imports from a major trading partner as the deadline he has imposed for negotiations over tariffs nears.

Trump posted on his Truth Social social media site Tuesday evening that he would impose a 15 percent duty on Japanese imports, down from the 25 percent he’d threatened earlier this month. In exchange, Trump said, Japan will invest $550 billion in the United States and remove trade barriers for U.S. auto and agricultural imports. The Japanese government did not immediately confirm those details, though Prime Minister Shigeru Ishiba told reporters he had received initial word from his negotiating team.

Earlier in the day, the White House shared the details of a separate trade deal with Indonesia, announced last week, that would see the U.S. charge a 19 percent tariff on imports. Trump had initially planned to impose a 32 percent tariff.

In another Truth Social post, Trump said the Philippines would agree to a deal with a 19 percent rate, down from 20 percent.

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