Japan, U.S. reach deal on reduced 15% auto, "reciprocal" tariffs

Japan and the United States have struck what President Donald Trump called a "historic" trade deal that will set tariffs on Japanese cars and other products at 15 percent -- lower than initially threatened -- and boost Japanese investment in the world's biggest economy.The deal, first announced by Trump on social media Tuesday, capped off rounds of bilateral negotiations since mid-April, during which export-reliant Japan aimed for a win-win agreement ahead of an Aug. 1 deadline for Washington to impose a "reciprocal" 25 percent tariff on Japanese goods."We have engaged in negotiations to pr…READ FULL ARTICLE