US and Japan Trade Agreement Now in Effect: Trump Signs Executive Order

The US-Japan trade agreement is now officially in effect, following an executive order signed by President Donald Trump. The order formalizes the agreement, which includes a 15% tariff on nearly all Japanese imports. The agreement, based on a framework announced earlier this year, aims to foster a trade relationship based on reciprocity and shared interests. Japan is set to invest $550 billion in the United States, with the US government choosing the specific investments. The agreement also covers sector-specific treatments for certain goods, as well as commitments from Japan to purchase US-made aircraft, defense equipment, and a range of agricultural products. The deal is intended to level the playing field for American producers, address national security needs, and reduce the trade deficit with Japan.