The United States has officially implemented a trade agreement reached with Japan on July 22, taking tariff rates on automobiles and other goods lower while outlining Japan¡¯s commitments in the deal.
In an executive order signed by U.S. President Donald Trump on Thursday, auto tariffs on Japan are set at 15%. The order instructs U.S. authorities to modify rates accordingly within seven days of publication in the Federal Register.
Trump signed the document on the day Ryosei Akazawa, Japan¡¯s chief tariff negotiator, arrived in Washington for a 10th round of trade talks. A previous executive order established a 15% rate for ¡°reciprocal¡± tariffs and became effective on Aug. 7, but the 15% rate on Japanese automobiles was not implemented at the same time.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.