The US and Japan reached the largest trade agreement in history according to President Trump this week. Japan also promised to set up a fund of 550 billion US dollars to invest in the US, but there are no relevant details. It is unclear how this money will operate, fueling questions about the viability of the agreement; the agreement will impose a 15% tariff on Japanese cars and other goods. Although the launch date and other fundamentals are unknown, US Treasury Secretary Scott Bessent warned this week that the US will monitor implementation and raise tariffs on Japan to 25% if Trump is not satisfied. The leaders of the two countries sometimes seem to be saying different things. The White House said that the investment of more than 550 billion US dollars will be led by the US. Trump said on social media that 90% of this will be “given” to the US. Meanwhile, Japanese Prime Minister Ishiwari Shigeru said that investments, loans and loan guarantees of up to 550 billion US dollars will be provided.

The US and Japan reached the largest trade agreement in history according to President Trump this week. Japan also promised to set up a fund of 550 billion US dollars to invest in the US, but there are no relevant details. It is unclear how this money will operate, fueling questions about the viability of the agreement; the agreement will impose a 15% tariff on Japanese cars and other goods. Although the launch date and other fundamentals are unknown, US Treasury Secretary Scott Bessent warned this week that the US will monitor implementation and raise tariffs on Japan to 25% if Trump is not satisfied. The leaders of the two countries sometimes seem to be saying different things. The White House said that the investment of more than 550 billion US dollars will be led by the US. Trump said on social media that 90% of this will be “given” to the US. Meanwhile, Japanese Prime Minister Ishiwari Shigeru said that investments, loans and loan guarantees of up to 550 billion US dollars will be provided.