Washington:
There has been an important trade agreement between the United States and Japan, which has reduced the proposed 25 % import tax on Japanese products. With this deal, Japan has promised to invest $ 550 billion in the United States and open its market for US products.
According to the World news agency, US President Donald Trump said in his statement that the deal is a new development in bilateral trade relations and will further strengthen the long -suited relationship between the two countries.
According to President Trump, the deal is one of the most important trade agreements reached by the White House before the additional revenue imposed on 1 August.
According to the initial details, the contract has reduced the 25 % import tax imposed on Japanese vehicles by 15 %, one of the largest export products in Japan.
Remember that in 2024, the quantity of bilateral trade between the United States and Japan was around $ 230 billion, with a trade of $ 70 billion in Japan. Japan is the fifth largest trade partner in the United States.
Following the news of the deal, significant improvement in the Japanese stock market was observed, especially the shares of Honda, Toyota and Nissan increased by more than 8 %. The US market also saw improvement in equity futures, while the value of Yen became stronger against the dollar.
On the other hand, Japanese Prime Minister Shigro Ashiba, while talking to reporters in Tokyo this morning, confirmed that he had received an initial report from Japanese talks in Washington, but refused to comment on the details of the deal.
