'Largest trade deal in history': Trump announces agreement with Japan, $550B investment by Tokyo

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President Trump announced Tuesday that his administration had wrapped up a massive trade agreement with Japan, two weeks after threatening the US ally with 25% tariffs. On July 7, Trump told Japanese Prime Minister Ishiba Shigeru his country would pay a 25% duty on exports to the US if a deal wasn’t wrapped by Aug. 1. Japan is the fifth-largest US trading partner among individual nations, trailing Mexico, Canada, China and Germany.

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