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July 23, 2025

U.S. and Japan Announce Trade Deal; Far-Right Party Makes Gains
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President Trump has announced a trade deal with Japan after months of
negotiations. Japan agreed to open up its economy to more U.S. imports
and invest $550 billion in the U.S. As part of the deal, the U.S. will
lower its tariffs on Tokyo from 25% to 15%. The deal was reached just
days after Japanese Prime Minister Shigeru Ishiba's ruling coalition
suffered an electoral setback, losing control of the upper house. Ishiba
is denying reports he will soon resign. The election also saw the
far-right populist "Japanese first" party surge in popularity, winning
14 seats, up from just one.


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