U.S. automakers are concerned about President Donald Trump’s agreement to tariff Japanese vehicles at 15%, saying they'll face steeper import taxes on steel, aluminum and parts than

President Trump says his new trade deal with Japan will generate massive U.S. profits and lower tariffs, but Morning Joe's economist analyst Steve Rattner says American consumers will end up footing the bill.

U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans.

TARIFF DEAL: President Donald Trump said on Truth Social that his administration had reached a deal with Japan, one of the largest U.S. trading partners, to lower its tariff rate to 15% as part of a sweeping trade agreement.