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President Trump signed an executive order lowering tariffs on Japanese car imports to 15%, formalizing a July agreement. This follows months of negotiations and includes Japan's commitment to invest $550 billion in US projects and increase purchases of US goods, including a 75% rise in US rice imports. The deal aims to reduce the US trade deficit with Japan and provide US businesses with greater market access. Japanese carmakers saw their shares rise following the announcement.

Prepared by Christopher Adams and reviewed by editorial team.