cut Japanese auto tariffs 15% .

U S President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan  export heavy economy.

Formalizing the deal between the U S and a key Asian ally comes after months of negotiations, reduces uncertainty plaguing the massive Japanese auto sector since the July announcement and confirms an agreement for $550 billion of Japanese investment in U.S projects.

The lower 15% tariffs on Japanese autos, down from the current 27.5%, are set to take effect seven days after official publication of the order

Billions of dollars in deals

Billions of dollars in deals are made every year across industries ranging from technology and energy to finance and healthcare. These high-stakes agreements often involve mergers and acquisitions, international trade contracts, government procurement, and large-scale investments. Such deals can reshape markets, influence global economies, and drive innovation. Whether it’s a tech giant acquiring a promising startup or a multinational corporation securing long-term supply contracts, billion-dollar deals represent powerful

Trump’s order said Japan was “working toward an expedited implementation of a 75% increase of United States rice procurements… and purchases of United States agricultural goods, including corn, soybeans, fertilizer, bioethanol (including for sustainable aviation fuel)” and other U.S. products totaling $8 billion per year

The joint statement also ensured the U.S.’s fifth-largest trading partner would always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington.

Two-way trade between the two countries reached nearly $230 billion in 2024, with Japan running a trade surplus of nearly $70 billion.

Trump’s order on Thursday also reiterated that the Japanese government has agreed to invest $550 billion in the United States in projects that will be selected by the U.S. government.