The U.S. values its trading relationship with Japan but is concerned about the significant trade deficit.
Starting August 1, 2025, the U.S. will impose a 25% tariff on all Japanese products entering the U.S., separate from existing sectoral tariffs.
The 25% tariff is described as modest compared to the trade imbalance the U.S. seeks to correct.
The U.S. will support fast-track approvals for such domestic investments.
The letter accuses Japan of many years of non-reciprocal tariff and non-tariff barriers, contributing to an unsustainable trade deficit.
The U.S. expresses willingness to adjust tariffs (up or down) based on Japan’s openness to U.S. markets.
The price of major indices has moved lower with the S&P now down -0.89%. The Nasdaq has moved lower as well with the price low reaching 6215.25. The price is now at 6228 or -0.81%. A similar letter was sent to So. Korea.
Below is the letter to Japan.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Trump to Japan: From August 1, US will charge 25% tariff on all Japan products )
Also on site :