Kathmandu. Japan’s Nikkei 225 index rose more than 2.5 per cent after US President Donald Trump announced a US-Japan trade deal. Shares of major carmakers such as Toyota, Nissan and Honda also rose.
According to a report by Japanese media organization NHK, the current tariffs imposed on Japanese carmakers in the US will be reduced under the agreement. Japanese Prime Minister Shigeru Ishiba has said japanese car companies will now have to pay 15 percent tax on exports to the United States. Which was earlier 25 percent.
Us President Donald Trump wrote in a post on social media that under the proposed deal, Japan will invest $ 550 billion in the United States and pay 15 percent mutual tariffs. ’
Trump said Japan is one of america’s largest trading partners.
