What the new trade deal with Japan means for U.S. businesses and consumers
Summary
The United States and Japan agreed on a trade deal. As part of the deal, the U.S. will not put a 25% tax on goods from Japan.Key Facts
- The U.S. and Japan made a new trade agreement.
- President Trump described the deal as a big win for American businesses and shoppers.
- The planned 25% tariffs on Japanese products will not be applied by the U.S.
- Tariffs are extra taxes on imported goods.
- The announcement included a discussion with Kate Kalut-Kiewicz from a trade consulting company.
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