Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Trump says US agrees trade deal with Japan
Published in The Saudi Gazette on 23 - 07 - 2025

President Donald Trump says the US has agreed to a "massive" trade deal with Japan, one of the country's largest trading partners.
Japan has agreed to invest $550bn (£407bn) in the US while its goods sold to America would be taxed at 15% when they reach the country - below the 25% tariff Trump had threatened.
Trump said on social media that Japan would open its economy to US goods, including cars, trucks, rice and certain agricultural products.
Japan's Prime Minister Shigeru Ishiba welcomed the announcement, saying it was "the lowest figure to date among countries with trade surpluses with the US".
"I just signed the largest trade deal in history, I think maybe the largest deal in history with Japan," Trump touted at a White House event on Tuesday evening.
"They had their top people here, and we worked on it long and hard. And it's a great deal for everybody. I always say it has to be great for everybody. It's a great deal," he added.
Ishiba said on Wednesday the agreement would mean US tariffs on vehicles and parts would be cut to 15% from 25%.
However, the tax is above the 10% Trump levied on Japan and other countries when he suspended higher so-called reciprocal tariffs between April and July.
Ishiba said: "We were the first in the world to reduce tariffs on cars and auto parts without any quantity restrictions."
UK cars sent to the US are taxed at a lower 10% rate when they reach American shores but this is limited to 100,000 vehicle quota.
Ishiba added: "The agreement does not include any reduction of tariffs on the Japanese side."
The BBC has contacted the White House and Japan's embassy in Washington for more details of the trade agreement.
Bringing its main tariff rate down to 15% is Japan's "best compromise at this stage", Shigeto Nagai from research firm Oxford Economics told BBC News.
The planned investment in the US by Japan included in the announcement "will be a huge boost to restore the US, fitting in with Trump's story of reviving US manufacturing with more jobs," he added.
In a letter sent to Japan this month, Trump threatened a 25% tariff on the country's exports to the US if there wasn't a new trade deal struck before 1 August, just above the rate he announced during his so-called Liberation Day on 2 April.
The April tariffs plan, which included duties on many US trading partners across the globe, were paused for 90 days following worldwide market turmoil. It allowed Tokyo's trade representatives time to negotiate with their counterparts in Washington.
Japan's benchmark share index, the Nikkei 225, was more than 3% higher on Wednesday in Tokyo, with strong gains for shares in motor industry giants - including Toyota, Nissan and Honda.
The apparent deal comes as Ishiba is under pressure to step down after his Liberal Democratic Party (LDP) lost its majority in the country's upper house in elections over the weekend.
The LDP had already lost its majority in Japan's more powerful lower house last year. — BBC


Clic here to read the story from its source.