The US president said Japan would "open" its markets to American cars and rice, which had been sticking points during negotiations between the close allies. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump posted on his Truth Social platform late on Tuesday. "Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%." On Wednesday he added: "Our businesses will make a fortune. Likewise Japan!"
Detroit Carmakers Blast Japan Trade Deal
www.msn.com
... Detroit's automakers blasted the Trump administration's trade pact with Japan as a "bad deal" for the U.S. car industry Wednesday, but global auto stocks rallied on news of the agreement.
Under the agreement, tariffs on Japanese cars will be lowered to 15% from 25%. Toyota's shares ended Wednesday trade in Tokyo about 14% higher, its largest single-day percent increase in more than 15 years. Honda closed up more than 11%. ...
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