President Donald Trump announced Tuesday that a “massive” $550 billion trade deal has been reached with Japan, saying it will create hundreds of thousands of American jobs.
“We just completed a massive Deal with Japan, perhaps the largest Deal ever made,” Trump wrote on TRUTH Social. “Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it.”
Trump said Japan will open its country to trade in things like cars, trucks, rice and other agricultural products.
Japan will also pay reciprocal tariffs of 15% to the U.S., under the deal.
“This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan,” Trump said.
President Trump announces MASSIVE trade deal with Japan 🇺🇸🇯🇵
"This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan." – President Donald J. Trump pic.twitter.com/Of4lKyWGpR
— The White House (@WhiteHouse) July 23, 2025
While speaking at the White House on Tuesday, Trump said he “signed the largest trade deal in history” with Japan.
He said Japan’s “top people” were at the White House and worked long and hard on a “great deal for everybody.”
“I always say it has to be great for everybody,” Trump said. “It’s a great deal – a lot different from the deals in the past, I can tell you that. But, we’re doing really well as a country.”
Watch Trump discuss the deal below:
President Trump has just signed a major trade agreement with Japan.🇺🇸🇺🇸🇺🇸👍👍
The great President Trump is working hard for us. Why can't the mainstream media see it? His leadership is bringing tremendous victories to America!❤️❤️❤️ #TRUMP pic.twitter.com/xo9fCBCRAm— Sissi YY🇺🇸🐈🥗🍦🇺🇸🇺🇸 (@originalcfn) July 23, 2025
Trump shared the following message on TRUTH Social Wednesday morning: “I will always give up Tariff points if I can get major countries to OPEN THEIR MARKETS TO THE USA. Another great power of Tariffs. Without them, it would be impossible to get countries to OPEN UP!!! ALWAYS, ZERO TARIFFS TO AMERICA!!!”
Trump also secured two trade deals with the Philippines and Indonesia this week.
More over at Fox Business:
Trump secures historic $550B trade deal with Japan: 'Never been anything like it' https://t.co/Xh9iheOpOk
— FOX Business (@FoxBusiness) July 23, 2025