Fact Sheet: President Donald J. Trump Implements A Historic U.S.-Japan Framework Agreement
Fact sheetTrade dealPublished 25/09/05Open the original
Summary
President Trump implements the U.S.-Japan framework: a baseline 15 percent tariff on nearly all Japanese imports, including autos and parts; Japan buys $8 billion of U.S. farm goods and an additional $7 billion a year of U.S. energy including LNG, and commits $550 billion of investment.
By industry
- Tariffs & Reshoring1 trading day+2.6%p15 stocks5 trading days+1.7%p15 stocks20 trading days+2.2%p15 stocks
“the United States will apply a baseline 15 percent tariff on nearly all Japanese imports entering the United States, including automobiles and auto parts”
- Energy & LNG1 trading day+0.5%p15 stocks5 trading days−4.7%p15 stocks20 trading days+1.4%p15 stocks
“Japan will make stable and long-term incremental purchases of U.S. energy, including liquified natural gas, totaling $7 billion per year.”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/09/04 | 0.0% | 0.0% |
| 25/09/05 | +2.2% | −0.5% |
| 25/09/08 | +1.5% | −0.1% |
| 25/09/09 | −0.8% | +0.3% |
| 25/09/10 | +0.6% | +0.4% |
| 25/09/11 | +3.0% | +1.3% |
| 25/09/12 | +2.3% | +1.3% |
| 25/09/15 | +3.0% | +1.7% |
| 25/09/16 | +3.4% | +1.7% |
| 25/09/17 | +2.3% | +1.7% |
| 25/09/18 | +3.2% | +2.1% |
| 25/09/19 | +2.4% | +2.2% |
| 25/09/22 | +2.2% | +2.6% |
| 25/09/23 | +0.9% | +2.2% |
| 25/09/24 | +0.9% | +1.9% |
| 25/09/25 | −0.1% | +1.3% |
| 25/09/26 | +3.2% | +1.9% |
| 25/09/29 | +2.7% | +2.1% |
| 25/09/30 | +2.8% | +2.4% |
| 25/10/01 | +4.4% | +2.9% |
| 25/10/02 | +5.2% | +3.0% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Hanwha Aerospace
BuyNextDecade
BuyNextDecade
NEXT
$3.9M
551,819 sh
$3.9M
Filed 25/09/25
Traded 25/09/23
- Hanwha Aerospace
BuyNextDecade
BuyNextDecade
NEXT
$3.2M
449,510 sh
$3.2M
Filed 25/09/25
Traded 25/09/24
- Matthew K. Schatzman
BuyNextDecade
BuyNextDecade
NEXT
$2M
281,500 sh
$2M
Filed 25/09/15
Traded 25/09/12
- William C. Vrattos
BuyNextDecade
BuyNextDecade
NEXT
$3.7M
500,000 sh
$3.7M
Filed 25/09/16
Traded 25/09/12
- Bardin Hill Investment Partners
BuyNextDecade
BuyNextDecade
NEXT
$2.5M
357,021 sh
$2.5M
Filed 25/09/18
Traded 25/09/16
- Kelcy L. Warren
BuyEnergy Transfer
BuyEnergy Transfer
ET
$23.4M
1,350,000 sh
$23.4M
Filed 25/08/21
Traded 25/08/20
- William C. Vrattos
BuyNextDecade
BuyNextDecade
NEXT
$686K
100,000 sh
$686K
Filed 25/09/19
Traded 25/09/17
- Kelcy L. Warren
BuyEnergy Transfer
BuyEnergy Transfer
ET
$11.2M
650,000 sh
$11.2M
Filed 25/08/21
Traded 25/08/19
- Edward Andrew Scoggins Jr.
BuyNextDecade
BuyNextDecade
NEXT
$96.9K
15,000 sh
$96.9K
Filed 25/09/19
Traded 25/09/18
- Domenic J. Dell'Osso Jr.
BuyExpand Energy
BuyExpand Energy
EXE
$239.7K
2,500 sh
$239.7K
Filed 25/08/18
Traded 25/08/15
- Joshua J. Viets
BuyExpand Energy
BuyExpand Energy
EXE
$184.3K
2,000 sh
$184.3K
Filed 25/08/18
Traded 25/08/18
- Jeffrey A. Jewell
BuyDT Midstream
BuyDT Midstream
DTM
$15.7K
150 sh
$15.7K
Filed 25/08/07
Traded 25/08/07
- Tony R. Thene
SellCarpenter Technology
SellCarpenter Technology
CRS
$3.2M
13,148 sh
$3.2M
Filed 25/08/19
Traded 25/08/18
- Tony R. Thene
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.4M
5,852 sh
$1.4M
Filed 25/08/19
Traded 25/08/18
- Thomas Earl
SellVenture Global
SellVenture Global
VG
$11.5M
840,076 sh
$11.5M
Filed 25/09/15
Traded 25/09/11
- Thomas Earl
SellVenture Global
SellVenture Global
VG
$6.8M
500,000 sh
$6.8M
Filed 25/09/17
Traded 25/09/15
- Keith D. Larson
SellVenture Global
SellVenture Global
VG
$5.1M
394,864 sh
$5.1M
Filed 25/08/25
Traded 25/08/22
- Thomas Earl
SellVenture Global
SellVenture Global
VG
$2.2M
159,924 sh
$2.2M
Filed 25/09/15
Traded 25/09/12
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.6M
20,312 sh
$1.6M
Filed 25/09/23
Traded 25/09/22
- Kenneth Rex Query
SellNucor
SellNucor
NUE
$1.4M
10,000 sh
$1.4M
Filed 25/08/20
Traded 25/08/18