Japan said on Tuesday the trade agreement it struck with the U.S. cleared uncertainties on U.S. trade policies but continued attention needs to be given to risks of those policies putting downward pressure on the Japanese economy.

President Trump on Tuesday announced that his administration had reached an agreement with Japan on trade, which would see the U.S. impose a 15 percent tariff on Japanese goods. Trump posted on

TOKYO -- Japan is working on a framework to monitor progress on implementing its tariff agreement with the U.S., as the Trump administration says it may raise tariffs again if it deems Tokyo has not made enough headway on purchasing and investment commitments.