President Trump said on Tuesday that the US and Japan had reached a trade deal. “We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump wrote in a Truth Social post.

As the Aug. 1 deadline for tariff agreements approach, lawyers and political consultants caution that trade fights are likely ...

The deal would result in Japan investing $550bn (£407bn) into the US and paying a 15% reciprocal tariff, Trump said.