WASHINGTON – President Donald Trump on Tuesday announced a trade deal with Japan that he said will result in Japan investing $550 billion into the United States and paying a 15% reciprocal tariff.

In a post on Truth Social, Trump added that Japan will open to trade for cars, trucks, rice and certain agricultural products, among other items.

“This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan,” he said.

Trump’s announcement follows a meeting with Japan’s top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday, according the Asahi newspaper.

The newspaper also reported that Akazawa held meetings with U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.

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(Reporting by Jasper Ward)