U.S. and Japan Reach Strategic Trade and Investment Deal: $550 Billion in Investment, 15 Percent Tariff on Japan
On July 22, 2025, President Donald Trump announced that the United States and Japan had reached a strategic trade and investment agreement. A White House fact sheet released the following day said Japan would invest $550 billion in the United States, directed as the United States directs, and that the baseline U.S. tariff on Japanese goods would be set at 15 percent.
According to the fact sheet, the investment will rebuild and expand core American industries, including energy infrastructure (including liquefied natural gas and grid modernization), semiconductor manufacturing and research, critical minerals mining, processing and refining, pharmaceutical and medical production, and commercial and defense shipbuilding, including new shipyards; the United States will retain 90 percent of the profits from the investment.
On market access, Japan will immediately increase imports of U.S. rice by 75 percent and purchase $8 billion in U.S. goods, including corn, soybeans, fertilizer, bioethanol and sustainable aviation fuel. Japan will purchase 100 Boeing aircraft and buy billions of dollars more in U.S. defense equipment each year. Japan will also remove long-standing restrictions on U.S. cars and trucks, and U.S. automobile standards will be recognized in Japan for the first time; the two sides will also explore an Alaska liquefied natural gas offtake agreement.
According to the Office of the U.S. Trade Representative, the U.S. goods trade deficit with Japan was close to $70 billion in 2024. Before the deal, the United States had threatened to impose a 25 percent tariff on Japanese goods from August 1, above the 24 percent rate announced in April.
Related: U.S. and EU Reach Trade Framework Setting a 15 Percent Tariff on Most European Goods
(Source: The White House)
Source: The White House
Published by GSM · USA (original Chinese edition)
Photo: 图：2025年2月7日，特朗普总统在白宫椭圆形办公室与到访的日本首相石破茂会晤。日本首相官邸照片，CC BY 4.0，经 Wikimedia Commons。 / Photo: President Donald Trump meets Japanese Prime Minister Shigeru Ishiba in the Oval Office of the White House on February 7, 2025. Photo by the Prime Minister's Office of Japan, CC BY 4.0, via Wikimedia Commons.
