US President Donald Trump confirmed the deal, stating Japan will accept US vehicle safety standards.
Trump praised the deal in a CNBC interview, calling the F-150 “very beautiful” and predicting strong sales.
Ford exited the Japanese market nearly a decade ago due to low demand for large vehicles.
Disagreements persist over when Japan’s 27.5% auto tariffs will drop to 15%.
Japan’s tariffs envoy Ryosei Akazawa is in Washington to clarify the agreement’s details.
Trump also claimed Japan would invest $550 billion in the US, retaining 90% of profits.
Japanese officials clarified the investment would mostly involve loans and guarantees. - AFP
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