Trump announces "big" trade deal with Japan, agreeing to 15% "reciprocal" tariffs

 Recently CNN.co.jp reported the following:

トランプ氏、日本との「大規模」貿易合意発表　「相互」関税１５％で合意

2025.07.23 Wed posted at 09:56 JST

（ＣＮＮ） トランプ米大統領は２２日夜、長く待ち望んだ日本との貿易合意を発表した。同盟国であり、主要な貿易相手国同士の枠組みが成立した形だが、数週間前の時点でその実現は難航していた。

「我々は日本との大規模な合意を締結した。おそらく史上最大の合意だ」と、トランプ氏は自身のＳＮＳトゥルース・ソーシャルで述べた。

この合意の一環として、米国の輸入業者は米国に輸出される日本製品に対し１５%の「相互関税」を支払うことになる。また、日本は米国に５５００億ドル（約８０兆円）を投資するともトランプ氏は説明した。

トランプ氏はさらに、米国は「利益の９０%を受け取る」と付け加えた。しかし、これらの投資の仕組みや利益の計算方法については明らかにしなかった。公式の契約条件書（タームシート）も公表されていない。

「この合意は数十万の雇用を創出するだろう。かつてない規模のものだ。おそらく最も重要なのは、日本が自動車やトラック、米、その他の農産物などを含む貿易に対して自国を開放することだ。日本は米国に対し１５%の相互関税を支払うことになる」と、トランプ氏は投稿した。

投稿後まもなく、トランプ氏は２２日夜、ホワイトハウスのイーストルームで日本との貿易合意について言及し、演説を行った。

共和党議員とのレセプションでトランプ氏は「今、史上最大の貿易合意に署名したところだ。おそらく日本との合意としては史上最大だろう」「日本のトップ層がここに来て、我々は長い間、懸命に取り組んできた。これは誰にとっても素晴らしい合意だ」と強調した。

日本は米国にとって第５位の輸入元。米商務省のデータによると、昨年、日本は１４８０億ドル相当の製品を米国に輸出した。米国が日本から購入した上位の品目は自動車、自動車部品、農業機械、建設機械など。

Translation

Trump announces "big" trade deal with Japan, agreeing to 15% "reciprocal" tariffs

(CNN) U.S. President Donald Trump announced the long-awaited trade agreement with Japan on the night of the 22nd. A framework was established between the allies and also major trading partners, yet as of a few weeks ago, its implementation was proving to be difficult.

Trump said on his social media account Truth Social, "We've signed a big deal with Japan, probably the biggest deal in history."

As part of the deal, U.S. importers would pay a 15% "reciprocal tariff" on Japanese products exported to the U.S. Also, Trump explained that Japan would invest $550 billion (Approximately 80 trillion yen) in the U.S.

Trump added that the U.S. would "receive 90% of the profits." However, he did not disclose how these investments might work or how the profits would be calculated. No official Terms and Conditions (term sheet) had been released.

Trump posted that "This deal will create hundreds of thousands of jobs. It's the biggest deal ever made. Perhaps most importantly, Japan will open itself up to trade, including cars, trucks, rice and other agricultural products. Japan will pay a reciprocal tariff of 15% to the United States".

Shortly after posting, Trump spoke in the East Room of the White House on the night of the 22nd, mentioning the trade agreement with Japan.

At a reception with Republican Congressman, Trump emphasized, "We just signed the biggest trade deal in history. Probably the biggest deal ever with Japan. The top people in Japan come here, and we've been working hard on it for a long time. This is a great deal for everyone."

Japan is the fifth largest import source for the United States. According to data from the U.S. Department of Commerce, Japan exported $148 billion worth of products to the United States last year. Top items purchased by the United States from Japan included automobiles, auto parts, agricultural machinery, and construction machinery etc.

 So, the U.S. has reached the long-awaited trade agreement with Japan. A framework is established between these two allies and also major trading partners. Basically, Japan will invest $550 billion in the U.S. and open up its market to the American that would include cars, trucks, rice and other agricultural products. Japan will pay a reciprocal tariff of 15% to the United States. I am wondering when will the EU and China reach similar trade agreements with the US.