US President Donald Trump announced Wednesday that he is open to reducing tariff rates for nations willing to grant the United States greater access to their markets. The statement comes amid a flurry of trade agreement negotiations, as countries rush to engage with Washington before Trump’s self-imposed August 1 deadline for reciprocal tariffs.
In a post on Truth Social, his preferred social media platform, Trump reiterated America’s commitment to striving for zero tariffs on its exports, highlighting the administration’s continued emphasis on open and fair trade practices.
“I will always give up Tariff points if I can get major countries to OPEN THEIR MARKETS TO THE USA. Another great power of Tariffs. Without them, it would be impossible to get countries to OPEN UP!!! ALWAYS, ZERO TARIFFS TO AMERICA!!!,” he posted on Truth Social.
Just earlier today, Trump announced that the United States has reached a sweeping trade agreement with Japan, calling it a “massive” deal with one of America’s leading trade partners.
According to a statement Trump posted on social media, the agreement will see Japan commit $550 billion (approximately £407 billion) in investments to the US, while also agreeing to a 15% reciprocal tariff. Trump also noted that Japan would further open its market to US exports, including automobiles, trucks, rice, and other agricultural goods.
“Remember, Japan is, for the first time ever, OPENING ITS MARKET TO THE USA, even to cars, SUV’s, Trucks, -and everything else, even agriculture and RICE, which was always a complete NO, NO.
The Open Market Japan may be as big a profit factor as the Tariffs themselves, but was only gotten because of the Tariff Power. They also agreed to buy BILLIONS OF DOLLARS WORTH OF MILITARY AND OTHER EQUIPMENT, and give us 90% of 550 BILLION DOLLARS AND MORE!!! MAGA!!!” Trump wrote.
“Indonesia has also agreed, for the first time ever, to COMPLETELY OPEN ITS MARKET TO THE USA. That’s BIG!!! Our businesses will make a fortune. Likewise Japan!,” said in another post.
