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A few frameworks governing tariffs are coming together

ahead of the Trump administration's August 1st deadline.

I'm David Brancaccio in Los Angeles.

Good morning to you. President Trump is posting

that he has a trade deal with Japan. Instead of 25% import taxes, the charge will be 15% tax on

goods imported from Japan to the U.S. Japanese Prime Minister Shigeru Ishiba said the new trade deal

will benefit both sides.

Japan is the most significant of the clutch of deals President Trump has struck so far.

In a post on Truth Social, Mr. Trump said Tokyo has agreed to invest $550 billion into the U.S.

American cars, trucks, rice and certain agricultural products would also be sold more freely in Japan, according to the US. American cars, trucks, rice, and certain agricultural products would also be sold more

freely in Japan, according to the president. The announcement sent stocks in Japan and South Korea

higher, led by automakers like Toyota, Honda, Nissan and Hyundai. The yen also strengthened against

...