Japan's trade agreement with the U.S. could serve as the benchmark for many other deals currently being negotiated with Washington, and the global economy could just about support the 15% level agreed overnight,

Japanese Prime Minister Ishiba Shigeru: An agreement was reached with President Trump on the US-Japan talks on US tariff measures. The tariff rate, which was supposed to be raised to 25% in reciprocal tariffs, was able to be kept at 15%.

Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.