The U.S. and Japan have reached a trade agreement under which the longtime U.S. will face a 15% tariff—down from a previously threatened 25%—President Donald Trump announced on Tuesday, as Japan’s Prime Minister hailed the move as a “new golden era” in the relationship between the two countries.

U S PRESIDENT DONALD Trump has announced a “massive” trade deal with Japan, marking a key breakthrough for major US trade partners as they scramble to strike agreements before the end of the month.

Following a White House meeting with Philippine President Ferdinand R. Marcos Jr., President Donald Trump says he's reached a trade agreement