Japan will invest $550 billion into the U.S., and goods from the country will be subject to a 15% tariff, President Trump said. Japan has not commented on the reported deal.

President Donald Trump says the US has agreed to a "massive" trade deal with Japan, one of the country's largest trading partners. Japan has agreed to invest $550bn (£407bn) in the US while its goods sold to America would be taxed at 15% when they reach the country - below the 25% tariff Trump had threatened.

Just after various late-night hosts made it clear where they stand on the issue of The Late Show With Stephen Colbert being cancelled, the chairman of the Federal Communications Commission weighed in with his own — quite different — opinion.

Stephen Colbert takes aim at President Donald Trump in his first show back since news of 'The Late Show's cancelation on Thursday. He also enlisted support from his fellow late-night hosts, including Jon Stewart,