The agreement - including a 15% tariff on all imported Japanese goods, down from a proposed 25% - is the most significant of the string of trade deals the White House has reached ahead of a August 1 deadline for higher levies to kick in.

President Donald Trump said he reached a trade deal with Japan that will set tariffs on Japanese imports at 15% and see the key American ally invest $550 billion into the US.“I just signed the largest trade deal in history — I think maybe the largest deal in history — with Japan,