06:41 AM EDT, 09/05/2025 (MT Newswires) -- President Donald Trump has signed an executive order implementing the US-Japan trade agreement, the White House said Thursday.

Washington will apply a baseline 15% tariff on "nearly all" Japanese imports entering the US, alongside separate sector-specific treatment for automobiles and automobile parts and other items, according to the order.

"This new tariff framework, combined with expanded United States exports and investment-driven production, will help reduce the trade deficit with Japan and restore greater balance to the overall United States trade position," the order said.

The Japanese government has agreed to, among other things, invest $550 billion in the US, according to the order.