Donald Trump announces an agreement with Japan

Donald Trump announced on Tuesday July 22. Meanwhile, the conclusion of a trade agreement with Japan, which includes in particular 15 % customs surcharge on Japanese products imported into the United States. Moreover, Japanese Prime Minister Shigeru Ishiba later confirmed this announcement.

“We have just concluded a huge trade agreement with Japan”was delighted the American president about his Truth Social platform. Consequently, “Japan will pay 15 % customs duties in the United States”he said. Furthermore, ensuring that this agreement with Tokyo would lead to the creation of “Hundreds of thousands of jobs”.

He also mentioned Japanese investments up to “$ 550 billion [470 milliards donald trump announces agreement japan d’euros] » on American soil. Therefore, without giving details other than asserting that “90 % of profits would be collected by the United States”. For example, “Probably more important”according to him. Similarly, Tokyo agreed to open Japan “To the trade of cars and pick-ups, rice and a number of other agricultural products, and other things”. Furthermore, Inflecting rice imports has been a taboo in recent months for the Ishiba government. For example, which ensured the interests of local farmers.

“We worked hard to guarantee this mutually beneficial partnership (…) I am happy to reaffirm our commitment to deepen this longtime alliance ”abounded the American Treasury Secretary. Scott Bessent, on X.

Japan. although the United States-key, is currently subject to the same basic American customs duties of 10 % as most nations, as well as 25 % surcharges on cars and 50 % steel and aluminum. And the country was threatened at 1^is August of an increase to 25 % of generalized surcharge “Converse”. These will therefore be reduced to 15 %.

Donald trump announces agreement japan

The automotive industry. the main issue

This agreement comes shortly after senatorial elections which saw the government coalition of Shigeru Ishiba lose its majority in the upper chamber. The Prime Minister had assured that he wanted to stay in office to conclude the current trade negotiations with. Additionally, the United States. According to the press, he now plans to resign.

donald trump announces agreement japan

Mr. Ishiba welcomed his country to be the first “To obtain a drop in surcharge [américaines] on the automobile. without limit or volume restriction ”. “We have agreed to halve the 25 % customs surcharge imposed on cars. spare parts since April”to reach a final taxation of 15 % if we include pre -existing customs duties, said Mr. Ishiba.

On the automobile. the stakes are high: the Japanese economy is dependent on foreign trade, and the automobile represented in 2024 almost 30 % of Japan exports donald trump announces agreement japan to the United States. In the archipelago, the automotive industry represents 8 % of jobs, far beyond Toyota, the world’s leading manufacturer. However. with the customs duties imposed by Donald Trump, the exports of Japanese cars to the United States have plummeted a quarter over a year in May and June. The Tokyo Stock Exchange jumped more than 3 % on Wednesday after the announcement of an agreement. carried in particular by the securities of car manufacturers.

On the other hand. customs duties on steel and aluminum are not affected by the agreement, Japanese negotiator Ryosei Akazawa, who was making his eighth trip to Washington on Tuesday. The surcharges on these metals therefore remain fixed at 50 %.

“Europe comes tomorrow”. according to Donald Trump

The date of entry into force of new customs duties is provided for 1^is August with all countries, either in donald trump announces agreement japan the context of a trade agreement if it occurs by then, or with the unilateral application by Washington of sometimes very high rights which were initially applied in early April.

Regarding Japan, the republican billionaire had threatened to impose 25 % on all Japanese imports, in addition to the already severe surcharge applied to imports of vehicles, steel and aluminum.

In addition. during a reception with Republican elected officials to mark his six months of mandate, Donald Trump said, shortly after his message on Truth Social, that “Europe came tomorrow and, the next day, we have others who come”. He thus referred to the countries. regions whose negotiations for a trade agreement have not yet succeeded at donald trump announces agreement japan this stage.

Earlier in the day. he had detailed the conditions of the trade agreement signed a week earlier with Indonesia, welcoming himself to open “The Indonesian market with American companies”. According to a White House press release. it is however an agreement on the framework of negotiations for an upcoming trade agreement, which therefore remains to be built.

Washington had announced so far signed four trade agreements, the last with the Philippines on Tuesday. They also agreed with the United Kingdom and Vietnam, for example. The United States donald trump announces agreement japan has also concluded a de-escalation agreement with China. after a rise in trade tensions between the first two world economic powers in the wake of the announcement of customs duties “Converse”.