Name: Trump’s Japan Trade Deal: What You Need to Know
Uploaded: 2025-07-23T10:45:00Z
Duration: 2 min 29 s
Description: As Trump unveils a ‘massive’ trade deal with Japan, speculation grows that PM Shigeru Ishiba may resign. WSJ’s Jason Douglas unpacks the details.

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As Trump unveils a ‘massive’ trade deal with Japan, speculation grows that PM Shigeru Ishiba may resign. WSJ’s Jason Douglas unpacks the details. Photo: Anna Moneymaker/Getty Images

https://m.wsj.net/video/20250723/e1a9e1b3-7424-4a44-9000-2c9cf9bfa91c/1/hls/manifest-hd-wifi.m3u8

As Trump unveils a ‘massive’ trade deal with Japan, speculation grows that PM Shigeru Ishiba may resign. WSJ’s Jason Douglas unpacks the details.

Trump’s Japan Trade Deal: What You Need to Know

They just signed the largest trade deal in history. I think maybe the largest deal in history with Japan.

This is certainly one of the bigger deals that the Trump administration has negotiated. What we've had so far are deals with Vietnam, Indonesia, the Philippines, these are all important countries, but Japan is really the first, you know, really huge country that President Trump has negotiated to deal with. What we know so far about the US-Japan trade deal is that Japan has negotiated a reduction in tariffs. So those were going to be at 25% when they came in on August the first, and Japan has negotiated that down to 15%. In return Japan has promised to invest more in the United States. The figure that President Trump has talked about is $550 billion. But it is a pretty significant investment. And if it comes to pass, and that would surely mean more jobs in the United States or factory investment in key sectors like autos and possibly semiconductors and other sectors where Japan has a lead. This field will have a big impact in Japan's auto sector. Japan builds a lot of cars in the United States, but it also exports a lot of cars to the United States. It's, you know, runs it the millionth year. A tariff at 15% is probably manageable. American consumers, you know, will have to brace for higher prices for Japanese made automobiles. And it's not just cars themselves that are subject to this new tariffs. Of course, it's also the parts. So even if Japanese car makers are making lots of cars in the United States, they probably, you know, will still have to charge higher prices because they're bringing in things like engines and so on from Japan. Japan has welcomed the trade deal. Prime Minister Ishiba has said it'll be a great deal for Japan, a great deal for the US, and it'll herald a new year working together to manufacture goods and send 'em around the world. This trade deal with the United States was something that Japanese Prime Minister Ishiba had said that he wanted to do after receiving a bit of a setback at the ballot box on Sunday. So there's ruling coalition under his leadership lost their parliamentary majority in an election. There is already some speculation in Japanese media that he could resign. His precise plans aren't yet known, but it is certainly true that there is pressure on him to consider his position. So with this trade deal out of the way, I think the Japanese leadership will be turning pretty to improving relations with the US, to improving relations with Trump.

It's a great deal. A lot different from the deals in the past, I can tell you that. But we're doing really well as a country. We're strong.

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