Washington, July 23 -- Former US President Donald Trump has announced what he described as the "largest trade deal ever" with Japan, claiming the agreement is worth $550 billion and would overwhelmingly benefit the United States. In a post on Truth Social, Trump said Japan would invest the massive sum into the US economy, asserting that America would secure 90% of the profit. He also stated that the deal would create hundreds of thousands of jobs across sectors.

Later at a Republican reception, Trump reiterated the scale of the agreement, though official documents detailing the terms are yet to be released by either government. According to sources, the agreement includes a 15% reciprocal tariff on Japanese imports and expanded market ac...