@cbsnews: President Trump met with Japan's newest leader Prime Minister Sanae Takaichi on Tuesday during his trip to Asia. The two formally signed a trade agreement, which calls for the U.S. to charge 15% tariffs on Japanese goods — lower than the 25% initially threatened by Trump. In exchange, Japan pledged to invest $550 billion in U.S. industry and open its market to American rice, cars and defense equipment. The two leaders also signed a framework that calls for the U.S. and Japan to cooperate on supplying critical minerals and rare earth metals to each other. Takaichi, the first female leader of Japan, was close with the late Prime Minister Shinzo Abe, a friend of Trump's up until his assassination in 2022. #news #trump #japan #tariffs #trade