whitehouse

(NAFB.com) – President Donald Trump said that the U.S. and Japan reached a deal in which the U.S. reduces its reciprocal tariff rate in exchange for increased market access for rice and other agricultural products.”We just completed a massive trade deal with Japan,” Trump wrote on Truth Social. “Japan will open its country to trade on items like cars, trucks, rice, and other agricultural products.” The president also said Japan will invest $550 billion in the U.S. “at my discretion.” He added that the U.S. would receive 90 percent of any profits, although he didn’t provide further details. The White House didn’t respond to requests for comment, and neither did the Japanese embassy. Agriculture Dot Com says Japan has previously stressed that its government would not sacrifice the country’s agricultural sector to secure a deal with the U.S. Trump had initially threatened Japan with a 24 percent tariff in April.