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LinkedIn.com slash lead. Terms and conditions apply. Here is your morning brief for Wednesday,

July 23rd. I'm Kate Bouleivant for the Wall Street Journal.

The US and Japan have reached a trade agreement, with President Trump saying that he will set

tariffs on the country at 15%. In a social media post, Trump said Japan will invest

$550 billion in the US as part of the deal,

and that the US will receive 90% of the profits from the investments, although he didn't

provide details. In return, Japan has agreed to open its market to US trade, including cars,

trucks, rice and other agricultural products.

Japanese Prime Minister Shigeru Ishiiba welcomed the deal, saying his government was determined

to protect national interests. News of the deal has sent global stock markets higher today

amid widespread investor optimism around the tariff impact.

As the self-imposed August 1st deadline for countries to agree trade deals with Washington draws closer,

the Trump administration is using the threat of tariffs and promise of access to the US market

to stop multiple countries from imposing new

taxes, regulations and tariffs on American tech firms and their products.

According to people familiar with the discussions, measures targeting America's internet

...