U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans.

He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining

T he U.S. and Japan have reached a trade agreement under which the longtime U.S. will face a 15% tariff—down from a previously threatened 25%—President Donald Trump announced on Tuesday, as Japan’s Prime Minister hailed the move as a “new golden era” in the relationship between the two countries.

Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.

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US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.

On any list of central bankers dying to get off this crazy thing called 2025, Japan’s Kazuo Ueda deserves a spot at the very top.

Trump announced Tuesday that the U.S. had reached a “massive” deal with Japan to levy 15 percent tariffs on Japanese imports — including automobiles and auto parts — instead of the 25 percent rate he threatened earlier this month.