Under the agreement, items previously taxed above 15% will now be capped at that rate, while those under 15% will be charged exactly 15%, including existing duties. Akazawa called it “extremely regrettable” that the original order failed to reflect the agreed terms, but said both U.S. officials expressed regret and pledged a timely correction.
Once amended, a new order will formalise the tariff rates agreed in July, including cutting U.S. auto tariffs from 27.5% to 15%.
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