• Trump Announces Historic Trade Deal With Not One but Two Major Countrie

    From Art Chan@21:1/5 to All on Wed Jul 23 12:00:15 2025
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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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    Kingdom

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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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