Japan’s Refineries Can’t Handle All the U.S. Crude Trump Wants

Japan has pledged to buy more American energy products as part of the July trade deal with the United States, but no Japanese refinery is built to handle 100% U.S.-sourced crude, Japan’s refining industry says. In July, the U.S. completed what President Donald Trump touted on Truth Social as “a massive Deal with Japan, perhaps the largest Deal ever made.”  Under the trade agreement, Japan’s goods imported in the United States will face a 15% tariff, lower than the 24% proposed in early April and the 25% tariff…