Trump Announces $550B Japan Trade Deal Securing 90% Profits

Key Takeaways:
  • Trump announces $550B trade deal with Japan.
  • U.S. to receive 90% of profits.
  • No immediate crypto market impact noted.
Trump Announces $550B Japan Trade Deal Securing 90% Profits

The deal signifies a major economic move, affecting U.S.-Japan relations and possibly global markets. As of now, there is no immediate impact on cryptocurrencies.

President Trump confirmed the deal on his Truth Social account, indicating a substantial $550 billion investment from Japan and an agreement for the U.S. to receive a 90% share of the profits. Official statements have not been issued by Japanese authorities yet. Trade Minister Ryosei Akazawa met with U.S. Commerce Secretary Howard Lutnick.

“We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it.” – Donald J. Trump, President, United States

The agreement involves a 15% tariff reduction on Japanese goods such as automobiles and agricultural products entering the U.S., impacting Japan’s automotive sector. This also affects exports from U.S. industries like agriculture and automotive, expanding market access in Japan.

Currently, there are no changes in major cryptos like BTC and ETH, with no documented shifts in on-chain activity. However, substantial capital shifts may potentially influence global markets, yet confirmation is pending.

This agreement continues Trump’s focus on reciprocal trade policies. Previous similar deals have shifted FX rates and sometimes influenced equities and crypto trading volumes. There is potential for broader economic influence impacting the cryptocurrency sphere indirectly, depending on macroeconomic responses.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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