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India -UK FTA
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US President Donald Trump announced that the US has finalised a new trade deal with Japan, calling it a "massive Deal," and said it might be "the largest Deal ever made." Trump made this announcement on Truth Social. As part of the agreement, the United States will now impose a 15% reciprocal tariff on goods imported from Japan. He also claimed that this deal would bring $550 billion in Japanese investments into the United States. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump posted. He added, "The US will receive 90% of the profits," though he did not explain how that percentage would be calculated or what it includes.
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The United States has finalized a trade agreement with the Philippines, US President Donald Trump announced on Tuesday. As part of the deal, the US will reduce tariffs on imports from the Southeast Asian nation to 19 percent. "We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States," Trump said in a post on his Truth Social platform after hosting Philippine President Ferdinand Marcos Jr. at the White House.
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