US President Donald Trump said that the country has reached a “massive” trade deal with Japan, applying a 15 percent tariff on imports from the country, he announced late on Tuesday, July 22.
The agreement avoids a threatened 25 percent tariff on Japanese goods, which was set to automatically go into effect in less than two weeks on August 01. The number, however, is higher than the 10 percent reciprocal tariff pause that has already hiked camera prices from major manufacturers.
