00:00U.S. President Donald Trump announced a new trade framework with Japan that will impose a 15% tariff on Japanese imports, easing back from a previously threatened 25% levy.
00:14Under the new agreement, Trump said Japan would invest $550 billion in the U.S. and open its economy to U.S. rice and carbs.
00:22Japanese Prime Minister Shigeru Ishiba welcomed the deal and said it would benefit both nations while strengthening bilateral cooperation.
00:30U.S. President Donald Trump said it would benefit both countries and countries and countries.
00:49Ishiba's ruling coalition had failed in a recent election to secure a majority.
00:53But he said he would stay in office to avoid creating a political vacuum and to deal with the tariffs.
00:58Key details of the new deal remain unclear, including whether Japanese-made cars would still be subject to the 25% tariff Trump has announced for the automobile sector.
