On July 22nd, local time, President Trump announced via social media that the United States and Japan have reached a trade agreement: with a tariff rate of 15% on Japan and a $550 billion investment from Japan in the US.
On the 23rd, Japanese Prime Minister Yoshihide Suga stated at the Prime Minister’s Residence to the media that he would listen to a detailed report by his Economic Revitalization Minister, Keiji Hagiuda,
and if necessary, will hold a phone or face-to-face meeting with President Trump.
Following the announcement of the progress in the US-Japan trade negotiations by Trump, a Japanese government official revealed that, as Trump had mentioned on social media, Japan welcomed this development. This was the result of a tenacious negotiation by Japan’s Economic Revitalization Minister, Keiji Hagiuda. (CCTV Lin Bohan)