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

Up next could be pacts with India and the European Union, the 27-nation bloc that trades more with the U.S. than anyone else.

President Donald Trump on Tuesday said the U.S. and Japan had struck a trade deal that includes a lower 15% tariff that will be levied on U.S. imports from the country, including autos. Julian Satterthwaite reports.