The White House published the order’s text confirming the new rate structure as part of a broader trade agreement between the two nations. This adjustment represents a significant victory for Japan following weeks of negotiation and diplomatic engagement.
The 15% tariff cap will apply retroactively to goods shipped from August 7, the effective date of Trump’s earlier tariff increases on dozens of trading partners.
The revised tariff structure eliminates the additional 25% sector-specific duty that Trump had imposed on autos and parts, which had combined with an existing 2.5% tariff to create the 27.5% total rate.
This agreement provides Japan with relief similar to that granted to the European Union, which also faces a 15% maximum tariff on many products.
The executive order states these investments “will be selected by the United States Government” without providing specific details.
The Nikkei business daily reported that Akazawa had cancelled an earlier visit when Washington considered including reductions in Japanese agricultural tariffs in the presidential order.
Trump has consistently pressured Japan to increase imports of American rice, though this particular issue did not appear in the final agreement. – AFP
Hence then, the article about us lowers japan auto tariffs to 15 in new trade pact implementation was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US lowers Japan auto tariffs to 15% in new trade pact implementation )
Also on site :
- China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval
- The shadow Russia casts over Europe has forced it to face the truth: the risk of war is once again real
- Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff