The U.S. and Japan have reached a trade agreement that will lower tariff rates on the longtime U.S. ally down to 15%, President Donald Trump said Tuesday. The 25% tariff rate slated to hit Japan by August will be lowered to 15%, according to Trump, who said Japan will invest $550 billion into the U.S. under the deal.

President Donald Trump said Tuesday that the United States has agreed to a trade deal with Japan, which would see a 15 percent US tariff on Japanese goods.

General Motors ( No. 18 on the Fortune 500) reported its Q2 earnings results on Tuesday. The company’s net income fell 35% from the same period last year, as higher costs and uncertainty surrounding the Trump administration’s automotive tariffs resulted in a $1.1 billion hit to its bottom line.

General Motors on Tuesday blamed President Donald Trump’s tariffs for a $1.1 billion increase in quarterly expenses, triggering a 7% loss of market value.

Beyond tariffs, GM’s underlying business in the quarter was solid.

Americans are mostly paying for tariffs, Deutsche Bank analysts said.

President Donald Trump said on Truth Social that his administration had reached a deal with Japan, one of the largest U.S. trading partners, to lower its tariff rate to 15% as part of a sweeping trad...

A U.S.-Japan trade deal would be the most significant since the White House threatened to impose sharply higher tariffs on much of the globe.

The U.S. accounted for more than 40% of AstraZeneca's annual revenue in 2024, and the company had been prioritising the market - the world's largest, worth $635 billion - before Trump's return to off...

President Donald Trump announced on Monday that British-Swedish drugmaker AstraZeneca will be investing $50 billion in the United States by 2030.