President Donald Trump said in a Truth Social post on Tuesday that the U.S. had reached a deal with Japan to lower its tariff rate to 15% after Japanese officials said they would invest $500 billion i

The agreement will impose tariffs of 15 percent on Japanese goods, down from a threatened 25 percent. Trump said Japan would also invest $550 billion in the U.S.

President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.

President Donald Trump on Wednesday is expected to deliver remarks on AI in Washington. White House press secretary Karoline Leavitt is also scheduled to hold a press briefing at 1 p.m. The president also continues to face backlash from his MAGA supporters over his administration's handling of files related to the investigation into Jeffrey Epstein.

U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans.

Trump will host Philippine President Ferdinand Marcos Jr. at the White House today. White House press secretary Karoline Leavitt said yesterday that the two leaders could discuss trade and the upcoming Aug. 1 tariff deadline.