Trump announced Tuesday that a trade deal has been made with Japan, posting on his social media platform that the country will invest $550 billion into the U.S., adding that the U.S. will receive 90% of the profits and that Japan will pay a reciprocal tariff of 15% to the U.S.
In his post about the announcement, Trump wrote that Japan will open its country to trade, including cars, trucks, rice and other agricultural products.
The original reciprocal rate for Japan on April 2 was 24%.
