“We have just finalized a huge agreement with Japan, probably the largest in history. Japan will invest, at my command, $ 550 billion in the United States, which will receive 90 percent of profits,” Trump announced in an entry on his Social Social social networking site. Trump did not reveal many details of the agreement except that According to him, Japan is to “open” its market for American cars and trucks or agricultural products.
The duty for imported products from Japan is to be 15 percent. – less than 24 percent announced in April and 25 percent announced in July.
Subsequent countries conclude contracts with the USA
The president did not give how much Japanese duties will be to American imports. During a later on a meeting with Republican Congressmen, he revealed, however, that the part of the system is to be a joint joint venture in LNG deposits in Alaska. Among the still unknown details are, among others whether from Japanese cars will be released from a 25 % duty imposed in March. According to Japanese NHK television, cars will be reduced to 15 percent. It was one of the main postulates of Tokyo in conversations. Cars constitute over 1/4 of goods exported from Japan.
Trump also revealed that on Wednesday to Washington, the European Union delegation is to come to commercial talks once again.
Negotiations with Japan were to be one of the most difficult, and the American president repeatedly expressed the frustration of the attitude of an allythreatening to raise duties to 35 percent Japan is the fifth US largest trading partner.
The agreement is the third trade agreement announced by Donald Trump on Tuesday. Previously informed about the conclusion of systems from Indonesia and the Philippines – In both cases, slightly reducing the level of duties (up to 19 %) in exchange for the total abolition of tariffs by these countries.
