Trade

Trump Strikes Deal With Ally Japan Setting Tariff Rate at 15%

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jennifer A Dlouhy, Josh Wingrove, and Yoshiaki Nohara

July 22, 2025 at 11:19 PM UTC

Updated on

July 23, 2025 at 5:11 AM UTC

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US.