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With days to go before the new trade policy deadline takes effect, the US struck a deal with Japan.

President Trump announced the deal — a 15% tariff rate on Japanese exports to the US — late last night via a Truth Social post. The rate is lower than the previously proposed 25% levy and also applies to cars and auto parts. 

A photo shared on X by Dan Scavino, Trump’s deputy chief of staff, suggests officials were making changes to the policy up until the last minute. The document in the picture had been edited by hand, with $400 billion crossed out and replaced with… Read more on Blockworks