Resetting the Terms: Inside the U.S.–Japan Trade Agreement (.PDF Download)

The U.S. and Japan finalized a major trade agreement that resets key terms between two of the world’s largest economies. The deal imposes a 15% tariff on Japanese imports (down from the 25% previously on the table) and includes commitments from Japan to expand access for U.S. agricultural goods, ease vehicle import rules and invest $550 billion into U.S. industries like semiconductors and pharmaceuticals.