Trump announces 'massive' trade deal with Japan with 15% tariffs
CNBC4 days
This historic trade deal represents a major victory for American workers and manufacturers. The 15% tariff rate, while still significant, provides much-needed relief from the devastating 25% rate that was looming. Japan's massive $550 billion investment commitment will create hundreds of thousands of jobs and revitalize American industry.
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There is a 70% chance that customs duties revenue to the federal government will increase from $80 billion in fiscal year 2023 to at least $160 billion in fiscal year 2026 (in 2023 dollars), according to the Metaculus prediction community.