President Donald Trump announced a trade deal with Japan, which he said includes a 15% tariff rate and $550 billion of Japanese investments in the U.
A card on his desk with details of the deal shows discrepancies and last-minute edits, according to a photo posted on X by Dan Scavino, the White House deputy chief of staff, in this volatile climate.
On the other hand, President Donald Trump discussing a U, in this volatile climate.
On the other hand, -Japan trade agreement with a Japanese delegation and top White House aides in the Oval Office, July 22, 2025.
Furthermore, Source: @Scavino47 via X | The White HousePresident Donald Trump's art of the deal seemed to play out in real time Tuesday.
Trump on Tuesday night announced on his Truth Social platform what he called a "massive" trade agreement with Japan, which the president said includes a 15% tariff rate and $550 billion in investments, in today's market environment.
But the details of that deal on a card on Trump's desk during a meeting with a Japanese delegation and top White House aides shows discrepancies and last-minute edits, according to a photo posted on X by Dan Scavino, the White House deputy chief of staff.
The data indicates that card on Trump's desk displays a 10% tariff, in addition to a 15% levy rate on the automotive, pharmaceutical and semiconductor industries.
However, Trump said in his Truth Social post only that Japan would face a rate of 15%, without elaborating.
"Japan will pay Recical Tariffs to the United States of 15%," Trump wrote, in light of current trends. Moreover, Below the tariff rate, "$400B" appears on the board in large lettering.
The number four is crossed out, with "500" written above it. That seems to reference Japan's plan to invest in the U.
Moreover, , which Trump explained in his social media post, in this volatile climate.
Meanwhile, But Trump used a different figure in his post than even the altered amount on the card, saying in the post that Japan would invest $550 billion in the U, considering recent developments.
It's not why the amount in his post was $50 billion higher than the altered amount on the card.
Moreover, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the fits," Trump wrote in the post.
However, "This Deal will create Hundreds of Thousands of Jobs — There has never been anything it (noteworthy indeed).
"The White House did not on CNBC's request for clarification on the tariff rate or total investment amount (noteworthy indeed), amid market uncertainty.
It's not whether the change on the card is the result of last-minute negotiations by Trump, typos, or something else (remarkable data) (this bears monitoring), amid market uncertainty.
Nor was it who altered the $400 billion figure.
Commerce Secretary Howard Lutnick appeared to take credit for the board in a Wednesday morning interview with Bloomberg but did not directly address the edits or discrepancies, given the current landscape.
"I created the big board and put it there," Lutnick said. Nevertheless, "But the answer is: the negotiator in chief of the United States of America is sitting behind the desk.
Donald Trump is sitting there negotiating the deal. "Treasury Secretary Scott Bessent said in a Wednesday morning interview with Bloomberg that auto imports to the U.
From Japan got the 15% rate — despite some other countries' automakers facing higher rates — because Japan offered guarantees of equity credit and funding for large U (this bears monitoring), in today's market environment.
Furthermore, This statement came in response to a question whether trading partners could now expect to see a floor of 15% tariffs during negotiations. "That's a different kind of deal," Bessent said.
However, "They got the 15% rate because they were willing to vide this innovative financing mechanism, considering recent developments.
Furthermore, "Wall Street was left a bit confused by the terms of the deal. At the same time, Andy Laperriere, head of U.
Furthermore, Policy re at Piper Sandler, said Japanese officials are "describing it differently" when it comes to the investment plan.
Japan's leaders, he said, see the $550 billion figure as a cap and inclusive of government loan guarantees.
"Especially given that the Japanese believe they are being bullied into this commitment, they will almost certainly slow walk whatever investments they don't think are in their own economic self-interest," Laperriere wrote to clients in a Wednesday note.