It is the most significant of a clutch of agreements Trump has bagged since unveiling sweeping global levies in April, though like other deals, exact details remained unclear.

Over the past few decades, Japan-based automaker Toyota has spent billions of dollars to expand its manufacturing and assembly plants in the United States. Those plants now employ over 64,000 people across North America and have churned out millions of vehicles.

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors,

The post Trump Seeks Even Higher Tariffs: 'Between 15 Percent and 50 Percent' on Imports From All Countries appeared first on Reason.com.

That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.

President Donald Trump suggested that he could send out rebate checks to U.S. citizens, directly distributing revenue raised from tariffs. When asked if he would consider tariff rebate checks, Trump said he was “thinking about that,

President Donald Trump has announced a trade framework with Japan, placing a 15% tax on goods imported from that nation

The Japanese government, not companies, is poised to back U.S. infrastructure projects of the president’s choosing.

Former President Donald Trump has issued a threat to impose a . 25% tariff rate on Japanese imports, according to recent reports. The proposed tariffs would have taken effect in A

On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.