President Trump signed an executive order implementing a trade deal with Japan. The deal includes a 15% baseline tariff on most Japanese goods, offset by Japanese investments of $550 billion in US-selected projects and increased purchases of US agricultural products and manufactured goods. The deal offers Japan market access improvements, but also impacts major automakers like Toyota, Ford, and GM, who anticipate billions in losses due to tariffs. The agreement's finalization coincides with political pressure on Japanese Prime Minister Ishiba, facing potential leadership challenges.

Prepared by Christopher Adams and reviewed by editorial team.