Dhaka, July 23 -- President Donald Trump on Tuesday unveiled a new trade framework with Japan that imposes a 15% tariff on imported Japanese goods, down from the previously threatened 25% rate set to take effect on August 1.

Calling it a landmark agreement, Trump wrote on Truth Social: "This Deal will create Hundreds of Thousands of Jobs - There has never been anything like it." He also emphasized the strong U.S.-Japan relationship, saying the United States "will continue to always have a great relationship with the Country of Japan."

Under the deal, Trump said Japan would invest $550 billion into the U.S. "at my direction" and open its market to American automobiles and rice. Japanese Prime Minister Shigeru Ishiba acknowledged the agre...