Center for Strategic & International Studies Japan Chair Kristi Govella breaks down the implications of President Donald Trump striking a trade deal with Japan, setting tariff rates at 15%. Govella also discusses US Commerce Secretary Howard Lutnick's belief that a similar deal with the European Union could be close behind. She talks with Tim Stenovec and Carol Massar on \\"Bloomberg Businessweek Daily\\" in New York on Wednesday July 23, 2025.