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From the BBC World Service: President Donald Trump has announced a deal with the world's fourth-largest economy. After weeks of tense negotiations, the U.S. will cut its import tax on Japanese cars and parts from 25% to 15%. The U.S., in return, will get $550 billion of investment from Japan. Plus, two former bank traders in the U.K. who allegedly manipulated interest rates have had their convictions overturned, and locals in Spain's Andalusia region are celebrating Sherry with a special competition.
Aired July 23, 2025
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