Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.

President Donald Trump’s trade deal with Japan will hurt American families. Heralded as a triumph by the administration, American families are hit with a 15% tariff tax on goods imported from Japan Although it is lower than the president’s blustering 25% tariff threat,