<h1>US-Japan Trade Deal Cuts Import Tariffs, Boosts Investment, and Opens Markets for Autos and Rice</h1> A trade agreement between the United States and Japan reduces US import tariffs on Japanese goods from 25% to 15%, excluding higher tariffs on steel and aluminum. The deal includes commitments from Japan to invest $550 billion in the US and to open its market to American automobiles and rice. The agreement has been welcomed by Japanese government officials but met with cautious silence from major Japanese automakers. The deal is expected to create significant employment opportunities and strengthen bilateral economic relations. Market reactions were positive, with notable increases in Japanese stock indices and shares of major Japanese corporations. The agreement follows a similar trade deal between the US and the Philippines, reflecting ongoing US efforts to renegotiate trade terms under a policy prioritizing domestic interests. Observers note the need for Japan to adapt its policies in response to the US's 'America First' stance, including advancing in sectors like artificial intelligence.