The United States and Japan have reached anagreement to reduce tariffs on Japanese exports, scaling back a steeperincrease previously threatened by President Donald Trump.
Trump, posting on Truth Social, described the agreementas “the biggest trade deal in history with Japan,” highlighting its role inmaintaining strong bilateral ties.
The announcement triggered a rally in Japanesemarkets. The Nikkei index climbed to a one-year high, while government bondprices slipped. US media outlets also highlighted the deal, calling it “themost significant” among several trade arrangements concluded by the White Houseahead of the August 1 deadline for wider tariff actions.
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