Japan "Surrenders"? Trump Claims "U.S. and Japan Reach Deal: Japan Accepts 15% Tariff Rate, Opens Auto and Rice Markets, Pledges $550 Billion in U.S. Investments"

According to China Central Television News, on July 22 local time, U.S. President Donald Trump announced via social media that the United States and Japan had reached a trade agreement, which includes a 15% tariff rate on Japanese imports and a pledge of $550 billion in investments by Japan into the United States.

Trump posted on the Truth Social platform, stating: “We have just reached a major agreement with Japan—possibly the largest deal ever.” In the post, he stated that Japan would open its domestic trade sectors, including automobiles, trucks, rice, and certain other agricultural products and goods, while committing to invest $550 billion in the United States. Trump further claimed that the U.S. would receive 90% of the profits from this agreement.

The Japanese yen responded to the announcement by strengthening. As of publication time, the yen had fully retraced its earlier gains against the U.S. dollar, having risen as much as 0.3% to 146.25