U.S. President Donald Trump said on the 22nd (local time), "We have completed the largest transaction in history with Japan," adding, "Japan will invest $550 billion in the U.S., and the U.S. will receive over 90% of the profits."
Trump noted on that day via his social media platform, "Truth Social," that "this is a very exciting time for the U.S., especially in terms of being able to maintain a wonderful relationship with Japan."
He continued, "The most important point is that Japan will open trade, including automobiles and trucks, rice and certain agricultural products, and other items," stating, "Japan will impose a 15% tariff on the U.S."
Trump emphasized, "This transaction will create hundreds of thousands of jobs for the U.S.," adding, "There is no precedent for such a case."