Trade partners with the U.S. could lower tariff rates set to kick in next week by striking deals similar to the one made with Japan, President Donald Trump told reporters Thursday. Speaking at the construction site for the Federal Reserve headquarters currently under renovation,

The US and Japan this week reached what President Donald Trump called the largest trade deal in history after Tokyo pledged to set up a $550 billion fund for investment into the US, details of which remain obscure.

Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.