US and Japan strike trade deal, avoiding Trump's threat of 25% tariffs

After months of negotiations, the US has reached a commerce cope with Japan. US President Donald Trump celebrated the settlement on tariffs in a social media submit, whereas Japan’s Prime Minister Shigeru Ishiba hailed the deal, which units duties on Japanese exports to the US at a charge of 15 p.c. On this version, we have a look at what precisely has been introduced by each side and what it means for Japan’s auto sector, which is accountable for 1 / 4 of all exports to the US.



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