President Donald Trump has announced a sweeping trade agreement with Japan, touting it as the 'largest deal in history.' The deal sets a 15% tariff on Japanese imports, down from a threatened 25%, and includes a $550 billion Japanese investment fund to be overseen by the US. While the agreement is credited with boosting US and Asian stock markets and is seen as a potential model for future deals with the EU and others, it has sparked concern among US automakers who fear it gives Japanese carmakers an edge. Key details of the deal remain unclear, particularly regarding the investment fund and long-term impacts on both economies. The announcement comes amid ongoing global trade tensions, with the EU and other countries bracing for further US tariff actions.
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