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President Donald Trump made news on Tuesday night when he announced a
historic trade deal with Japan, which followed news earlier in the day
of a deal with Indonesia.
Speaking to congressional Republicans at an event in the East Room at
the White House, President Trump announced that he had just "signed the
largest trade deal in history" with Japan.
"I think maybe the largest deal in history. They had their top people
here, and we worked on it long and hard. And it's a great deal for
everybody," Trump said, noting that there was "a lot of money" flowing
into the U.S.
READ MORE: Not Tired of Winning Yet: Trump Announces Trade Deal With
Vietnam
"The tariffs kicked in better than anybody, other than me and a few
other people in the room, thought could happen," he added.
"We concluded the one deal [with Japan] and now we're going to conclude
another one because they're forming a joint venture with us in Alaska
for the LNG... they're all set to make that deal now," Trump continued.
In a Truth Social post, Trump elaborated on the deal and wrote:
We just completed a massive Deal with Japan, perhaps the largest Deal
ever made. Japan will invest, at my direction, $550 billion into the
United States, which will receive 90% of the Profits. This Deal will
create Hundreds of Thousands of Jobs — There has never been anything
like it.
Perhaps most importantly, Japan will open their Country to Trade
including Cars and Trucks, Rice and certain other Agricultural Products,
and other things. Japan will pay Reciprocal Tariffs to the United States
of 15%. This is a very exciting time for the United States of America,
and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to
this matter!
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The news followed a release from the White House earlier in the day
about the framework for another reciprocal trade with Indonesia.
The press release read:
Today, the United States of America (the United States) and the Republic
of Indonesia (Indonesia) agreed to a Framework for negotiating an
Agreement on Reciprocal Trade to strengthen our bilateral economic relationship, which will provide both countries' exporters unprecedented
access to each other's markets. The Agreement on Reciprocal Trade will
build upon our longstanding economic relationship, including the
U.S.-Indonesia Trade and Investment Framework Agreement, signed on July
16, 1996.
Parts of the deal include the following:
Indonesia will eliminate approximately 99 percent of tariff barriers for
a full range of U.S. industrial and U.S. food and agricultural products exported to Indonesia.
The United States will reduce to 19 percent the reciprocal tariffs, as
set forth in Executive Order 14257 of April 2, 2025, on originating
goods of Indonesia, and may also identify certain commodities that are
not naturally available or domestically produced in the United States
for a further reduction in the reciprocal tariff rate.
The United States and Indonesia will negotiate facilitative rules of
origin that ensure that the benefits of the agreement accrue primarily
to the United States and Indonesia.
The United States and Indonesia have also committed to address and
prevent barriers to U.S. food and agricultural products in the
Indonesian market, including exempting U.S. food and agricultural
products from all import licensing regimes, including commodity balance requirements; ensuring transparency and fairness with respect to
geographical indications; providing permanent Fresh Food of Plant Origin
(FFPO) designation for all applicable U.S. plant products; and
recognizing U.S. regulatory oversight, including listing of all U.S.
meat, poultry, and dairy facilities and accepting certificates issued by
U.S. regulatory authorities.
Indonesia will remove restrictions on exports to the United States of industrial commodities, including critical minerals.
The entire deal can be found here.
https://redstate.com/katie-jerkovich/2025/07/22/trump-announces-historic- trade-deal-with-not-one-but-two-major-countries-n2191971
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