Trump signs Japan trade pact, auto tariffs cut to 15%
President Trump signed an executive order to implement the US-Japan trade deal, slashing auto tariffs from 27.5% to 15%. Japan agreed to raise US rice imports by 75% and buy $8 billion worth of farm goods annually, including corn and soybeans. The pact also secures $500 billion in Japanese investment in the US. Japanese auto stocks rose, and the EWJ ETF gained overnight.