https://www.cnbc.com/2025/07/23/trump-announces-massive-trade-deal-with-japan-with-15percent-tariffs.html

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Trump announces 'massive' trade deal with Japan with 15% tariffs

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This is breaking news so I'll add more to OP as information comes out.

ETA:

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"A year ago, that level of tariffs would be shocking. Today, we breathe a sigh of relief," said Brian Jacobsen, chief economist at Annex Wealth Management.

In his tariff letter sent out to Japan earlier this month, Trump had threatened 25% tariff on its exports to the U.S. from Aug. 1, one percentage point higher from the 24% rate announced during his April 2 "Liberation Day" tariffs.

Japanese automobiles imported into the U.S. already attract a 25% tariff in line with the rest of the countries. Auto exports to the U.S. are a cornerstone of Japan's economy, making up 28.3% of all shipments in 2024

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It's all I got...

This seems important ... and very good for the United States.

American cars and rice, two things the Japanese have zero interest in.

48 hr rule on just how "amazeballs" this thing actually will be.

His constant use of overzealous adjectives, shall we say, make me wary.

"Hundreds of thousands of jobs"? My first reaction to that claim, from anyone, is...."Honky, please!".

And as mentioned....American cars? Hell, AMERICANS don't want American cars....

Japan is not paying any tariffs. Consumers are paying or American companies are paying.

Japan doesn't want our cars for numerous reasons.

Gonna be fleets of Chrysler 300s rolling through Tokyo.

i see trump still hasn't bothered to learn what "reciprocal" means

as for the rest of it, safe to assume it's untrue or vastly exaggerated to the point of meaninglessness

Logos Stick said:

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Japan is not paying any tariffs. Consumers are paying or American companies are paying.

Japan doesn't want our cars for numerous reasons.

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No they don't. And if you ever look at cars Japanese drive you would know why they don't want our big American ones.

By the same token we don't want theirs. The cars Nissan, Toyota, Mazda, Lexus et al sell in the US are US cars made by Japanese brands. They aren't Japanese cars.

YouBet said:

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Gonna be fleets of Chrysler 300s rolling through Tokyo.

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Only for the low-level street dealers trying to convince the teenagers at Ye Olde Edo Apartments complex that they're big Yakuza bosses.

aginlakeway said:

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This seems important ... and very good for the United States.

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Compared to the alternative which is a collapse in trade with Japan yes this is good but being better than a trade war is a pretty low bar to get over

Mathguy64 said:

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Logos Stick said:

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Japan is not paying any tariffs. Consumers are paying or American companies are paying.

Japan doesn't want our cars for numerous reasons.

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No they don't. And if you ever look at cars Japanese drive you would know why they don't want our big American ones.

By the same token we don't want theirs. The cars Nissan, Toyota, Mazda, Lexus et al sell in the US are US cars made by Japanese brands. They aren't Japanese cars.

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Redstone owns a Toyota 4Runner and a Nissan Kicks.

So is 15% lower than what we had before? If not, this sucks. If lower, then great. Why not 0%?

BigRobSA said:

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48 hr rule on just how "amazeballs" this thing actually will be.

His constant use of overzealous adjectives, shall we say, make me wary.

"Hundreds of thousands of jobs"? My first reaction to that claim, from anyone, is...."Honky, please!".

And as mentioned....American cars? Hell, AMERICANS don't want American cars....

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I'll give the odds of creating 100s of thousands of jobs between 0% chance and 0% chance.

YouBet said:

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Mathguy64 said:

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Logos Stick said:

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Japan is not paying any tariffs. Consumers are paying or American companies are paying.

Japan doesn't want our cars for numerous reasons.

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No they don't. And if you ever look at cars Japanese drive you would know why they don't want our big American ones.

By the same token we don't want theirs. The cars Nissan, Toyota, Mazda, Lexus et al sell in the US are US cars made by Japanese brands. They aren't Japanese cars.

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Redstone owns a Toyota 4Runner and a Nissan Kicks.

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And his stepdad inherited a used early 00s Expedition

If they are opening their rice market up some, that's a big deal. Japan has really high tariffs on imported rice.

Will this help or hurt my Nintendo stock?

jamey said:

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BigRobSA said:

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48 hr rule on just how "amazeballs" this thing actually will be.

His constant use of overzealous adjectives, shall we say, make me wary.

"Hundreds of thousands of jobs"? My first reaction to that claim, from anyone, is...."Honky, please!".

And as mentioned....American cars? Hell, AMERICANS don't want American cars....

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I'll give the odds of creating 100s of thousands of jobs between 0% chance and 0% chance.

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Why? Build a couple more Nissan or Toyota car plants and you have a start.

The car stuff actually gets a little more interesting when you realize that APMA at IRS and NTA have been slow rolling transfer pricing stuff for the auto manufacturers and other Japanese parented companies for years. There's a good bit of tax revenue to unlock there, but it doesn't do a thing for jobs. It won't keep the cost of your Japanese car down and you won't be able to point to tariffs as the reason for the increase, especially since a lot of those cars aren't even made in Japan. They're made with Japanese IP but in the US or Mexico.

WTF does 90% of the profits mean in this context? How are we supposed to believe anything he says when he makes up completely random numbers.

Have to give that orange f-er props. No deal is ever fully dead with him.

Ag CPA said:

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American cars and rice, two things the Japanese have zero interest in.

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You are SOOOOO RIGHT BRO!! The Japanese TOTALLY don't have a huge subset of their culture that literally copies EVERYTHING American from every time period mind you, up to & including today, which means Hellcats & Pickups are gonna go like hot cakes/ hot saki!

Take a look at the sudden ascendency of it's own MAGA-like political party (who parades with Trump portraits) suddenly making-up 1/3 of Japan's governing body; USA is big in Japan right now (especially since they know Trump will nuke China if necessary)!!

AND, who knows, they might eat the hell outta Uncle Ben's rice too... if it has the ORIGINAL cover!

In other words, don't be so pessimistic, especially with defeatist claims of 'zero'; and if you insist, what about the investment & jobs? Is that something Americans "have zero interest in"?

jamey said:

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BigRobSA said:

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48 hr rule on just how "amazeballs" this thing actually will be.

His constant use of overzealous adjectives, shall we say, make me wary.

"Hundreds of thousands of jobs"? My first reaction to that claim, from anyone, is...."Honky, please!".

And as mentioned....American cars? Hell, AMERICANS don't want American cars....

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I'll give the odds of creating 100s of thousands of jobs between 0% chance and 0% chance.

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Bookmarked, especially since a lot of manufacturing is getting out of Mexico; Mexico's corruption at the highest levels has been exposed, which is a perfect justification to leave.

lol ppl are truly miserable. Can't be happy with anything. They love to be miserable and negative. Addicted to it

Ag CPA said:

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American cars and rice, two things the Japanese have zero interest in.

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Japan has a rice shortage, the US is already their largest foreign supplier.

I'm interested to learn how you are going to track this tariff "deal" and the hundreds of thousands of jobs it is supposed to create. Hopefully not from a future completely made up tweet by Trump.

So how are they opening up trade for rice if they are already importing it?

Captain Winky said:

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So how are they opening up trade for rice if they are already importing it?

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Japan agreed to increase the portion of its rice imports from the U.S. within the existing "minimum access" framework under the World Trade Organization (WTO), which allows Japan to import up to 770,000 metric tons of rice tariff-free annually. This framework will be maintained, meaning Japan will not fully open its rice market but will shift a higher proportion of its tariff-free rice imports to U.S.-grown rice, particularly medium-grain rice used for staple foods, while reducing imports of long-grain rice. - Grok

I didnt know either so I asked AI. Prior to the deal, Japan imported approximately 350,000 tons of rice from the U.S. in

Starred, appreciated

Un-named.sources & official US Labor Dept. job creation report metrics that Biden used are the 1st two off the top of my head!

PaulsBunions said:

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Captain Winky said:

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So how are they opening up trade for rice if they are already importing it?

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Japan agreed to increase the portion of its rice imports from the U.S. within the existing "minimum access" framework under the World Trade Organization (WTO), which allows Japan to import up to 770,000 metric tons of rice tariff-free annually. This framework will be maintained, meaning Japan will not fully open its rice market but will shift a higher proportion of its tariff-free rice imports to U.S.-grown rice, particularly medium-grain rice used for staple foods, while reducing imports of long-grain rice. - Grok

I didnt know either so I asked AI. Prior to the deal, Japan imported approximately 350,000 tons of rice from the U.S. in

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Could be a big win for California rice growers. Southern grown rice isn't a type the Japanese consumer likes.

The Japanese are the big winner from an auto perspective, tariffs down from 25% to 19% and they have a locked in cost they can work from to pass on to the consumer. American car makers have deal 25% tariffs on steal, 50% on copper, etc. that can change on a whim, so they don't have that luxury of certainty in pricing.