[Report] According to Japan’s Kyodo News Agency, in response to President Donald Trump’s announcement of a trade agreement between the United States and Japan, Japanese Prime Minister Shinzo Abe stated on the 23rd that he would subsequently receive briefings on the specifics of the agreement. He also mentioned that he would carefully review the content of the agreement and decide whether to resign based on the results. He clarified that he would not make any decisions until he has thoroughly studied the content of the agreement.
Abe further stated that if necessary, he would have a phone or face-to-face conversation with President Trump of the United States.
On the 22nd local time, President Trump announced on social media that the United States and Japan had reached a trade agreement, with the US tariff rates on Japan set to decrease from the previously announced 25% to 15%.
Trump also mentioned, “Japan will invest $550 billion in the US, and the US will gain 90% of the profits. This agreement will create hundreds of thousands of jobs… Japan will also open up its trade to the US, including automobiles, rice, and other agricultural products.”
In the Japanese Senate election held on the 20th, the ruling coalition formed by the Liberal Democratic Party and the Komeito Party suffered a disappointing result, with calls for Abe’s resignation within the party growing louder.
The impact of Trump’s tariff policies is being felt globally.