Trump announces trade deals with Japan, Philippines, Indonesia

U.S. President Donald Trump on Tuesday announced trade deals with Japan, the Philippines, and Indonesia.

The U.S. will impose a 15 percent tariff on Japanese goods, and Japan will invest 550 billion U.S. dollars into the United States, which will receive 90 percent of the profits, said Trump, adding that the deal will create hundreds of thousands of jobs.

As one of the major U.S. trading partners, Japan has been tough in bilateral trade talks.

The United States saw 68.5 billion dollars of trade deficit in goods with Japan in 2024, with imports from Japan totalling 148.2 billion dollars and exports to Japan at 79.7 billion dollars, according to the Office of the U.S. Trade Representative.

Trump also announced a trade deal with the Philippines after meeting Philippine President Ferdinand Marcos Jr. earlier Tuesday.

Trump posted on his social media platform Truth Social that the Philippines will open its market to the United States and implement zero tariffs, while the United States will impose a 19 percent tariff on Philippine imports.

On Tuesday, the White House unveiled more details about the U.S. trade deal with Indonesia, which was announced on July 15.

Indonesia will eliminate approximately 99 percent of tariff barriers for a full range of U.S. industrial, food and agricultural products exported to Indonesia, while the United States will impose a 19 percent tariff on products imported from Indonesia, said a release by the White House.

Indonesia will remove restrictions on exports to the United States of industrial commodities, including critical minerals, it said.

Trump has signed an executive order earlier this month to extend the 90-day suspension of sweeping U.S. reciprocal tariffs from July 9 to Aug. 1, with trade negotiations ongoing with the European Union and other major trading partners.

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.