On July 22 local time, US President Trump announced through social media that the US and Japan had reached a "unprecedented large-scale agreement" on tariff measures. Trump stated that according to the agreement, the US will impose a 15% "reciprocal tariff" on Japan, and Japan will significantly open its markets in areas such as automobiles and agricultural products.

Trump said in his post, "We have just completed a large-scale agreement with Japan, perhaps the largest deal ever. Under my instructions, Japan will invest $55 billion in the US, and the US will receive 90% of the profits from this. This agreement will create hundreds of thousands of jobs, unprecedented."

He emphasized that the agreement also includes a 15% "reciprocal tariff", covering areas including "cars, trucks, rice, and other agricultural products", and called it "an exciting moment because we will continue to maintain a good relationship with Japan".

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A senior Japanese government official, speaking to Japanese media, said, "The content released by President Trump is basically accurate, and Japan also considers this to be an agreement worth welcoming. This is the result of long-term negotiations by the Minister for Economic Revitalization, Akazawa Ryoushi."

Since early 2025, the US-Japan tariff negotiations have been tense. In early April, the Trump administration announced "reciprocal progressive tariffs" on Japanese goods, including a 24% general goods tariff and a 25% automobile tariff, which triggered a strong reaction from Japan. The Japanese government repeatedly expressed "deep regret" and initiated emergency consultations. In early July, both sides reached a 90-day suspension agreement, providing a window of opportunity for final negotiations.

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