President Donald Trump on Tuesday said he had cinched a trade deal with Japan, reducing the tariffs he had planned to impose on goods from a major trading partner as his deadline for negotiations nears.

U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans.

Trump will host Philippine President Ferdinand Marcos Jr. at the White House today. White House press secretary Karoline Leavitt said yesterday that the two leaders could discuss trade and the upcoming Aug. 1 tariff deadline.

Trump will show no mercy to [either] a lame duck Ishiba or because of a political vacuum,” advisory firm Quantum Strategy said.

Japan's top tariff negotiator, Ryosei Akazawa, met with U.S. President Donald Trump at the White House on Tuesday, the Asahi newspaper reported on Wednesday.