Trump strikes trade deal with Japan including 15% tariff on imports

US President Donald Trump on Tuesday night (local time) announced the completion of what he called a "massive deal" with Japan, potentially "the largest deal ever made," following intense and protracted negotiations between the two nations.

In a post on Truth Social, Trump stated, "We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs -- There has never been anything like it."

Shortly after the announcement, CNN reported, Trump addressed a reception with Republican members of Congress in the East Room of the White House, saying, "I just signed the largest trade deal in history; I think maybe the largest deal in history with Japan. They had their top people here, and we worked on it long and hard. And it's a great deal for everybody."