July 23, 2025- President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation, according to AP News. The 15% tax on imported Japanese goods is a meaningful drop from the 25% rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting Aug. 1. Meanwhile, President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia, according to CNN. Both agreements call for 19% tariffs on goods the US imports from the two countries.