President Donald Trump has announced a major trade agreement with Japan, touting it as the 'largest deal in history' and highlighting a $550 billion Japanese investment pledge in the US. The deal lowers US tariffs on Japanese cars and goods to 15%, down from a threatened 25%, but still above the universal 10% rate, sparking concern among US automakers who fear a competitive disadvantage. The agreement also includes increased Japanese purchases of American agricultural products and airplanes. While the deal has boosted stock markets and is seen as a potential model for future trade talks with the EU and other partners, critics argue that many details remain unclear and question whether the US gave away too much. The pact's impact on global trade dynamics and the auto industry is being closely watched, with both optimism and skepticism about its long-term effects.
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