US and Japan sign pacts on trade and rare-earth minerals

During a visit to Tokyo, US President Donald Trump and Japanese Prime Minister Sanae Takaichi signed two major agreements concerning trade and critical minerals. The first deal aims to create a "new golden age" in the US-Japan alliance, applying a 15% tariff on Japanese exports in exchange for $550 billion in Japanese investment in the US. The second pact establishes a framework to secure supply chains for critical and rare-earth minerals, vital for electronics and advanced technologies.