After US President Trump announced that the U.S. and Japan reached a trade agreement, White House spokesman Li Weitt said on the 23rd that according to the agreement, Japan will pay 15% of the US tax, and Japan promised to invest US$55 billion in the United States to use it for important industries such as energy, semiconductors, and key minerals. She also said that there are still many agreements being negotiated.
Trump announced on the 22nd that the United States and Japan have completed a major agreement, and he instructed that Japan will invest US$550 billion (about NT$16 trillion) in the United States, and the United States will gain 90% of the profits, and Japan will also open its domestic market, including trades such as cars and trucks, rice and other agricultural products. Japanese imports and US goods will be subject to a 15% tax levy, which is 10 percentage points lower than the 25% tax rate collected by Trump's previous statement.
White House spokesperson Karoline Leavitt said at the reporters' meeting on the afternoon of the 23rd that Trump mentioned on the 22nd that he had reached major trade agreements with the Philippines, Indonesia and Japan. The Trump administration's trade team has been discussing and discussing with various countries. It has now announced that three of them are "and many are still in progress."
She said that according to the US-Japan agreement, Japan will pay 15% of the US tax, and the US tax on the import of Japanese automobile and automobile parts has also been reduced to 15%. Trump also successfully made Japan commit to invest $550 billion in the United States to boost U.S. industry and will be used by Trump to invest in important industries such as energy, semiconductors, key minerals, pharmaceutical manufacturing and shipbuilding.
Lee Witt also said that after Trump negotiated with Japan, the investment amount increased from the original $400 billion to $550 billion.
Based on the fact list released by Baimeng, according to the agreement, Japan will purchase 100 Boeing aircraft, US$8 billion of agricultural products and other goods in the United States, and increase the purchase of US rice by 75%.
Trump issued a tax-related letter to more than 20 trade partners earlier this month, including a letter to Japanese Prime Minister Shigeru Ishiba. The notice is expected to further increase the tax on Japanese import and export commodity courses from 24% in April to 25%. However, after two sides discussed the matter, the United States reduced the taxes imposed on Japan to 15%.
Trump also announced on the 22nd that the United States and the Philippines "completed the trade agreement". The Philippines will open the market and implement zero taxes on the United States, while the United States will impose 19% tax on the Philippines' imported goods courses, which is 1 percentage point lower than the 20% tax rate that Trump previously claimed in the tax letter and speech course.
In addition, Baigong said on the 22nd that the trade agreement reached between the United States and Indonesia will broaden Indonesia's key mining export restrictions on the United States. The agreement was the first to announce last week that the U.S. spokesperson’s tax on Indonesian sales of US goods has been reduced from 32% to 19%.
According to the tax table previously released by Baigong, the tax rate for Taiwan is 32%. Taiwan continues to discuss with the United States and fights to reduce tax rates.
Extended reading: Opening cars, rice and investing in the U.S. at $55 billion, Trump announces Japan's tax surveillance of 15%