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The US and Japan are close to reaching an agreement to reduce car tariffs
By: theblockbeats.news|2025/09/04 17:22:23
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BlockBeats News, September 4th - A Japanese government source revealed on Thursday that Japan and the United States have entered the final stages of negotiations and plan to implement measures to reduce Japan's automobile import tariffs within 10 to 14 days after the U.S. President issues an executive order. The source stated that this means the import tariff on Japanese automobiles will be reduced from the current 27.5% to 15%, with the new rate expected to take effect by the end of this month. The specific effective date in the executive order is still under discussion, with the final decision to be made by President Trump. The U.S. Embassy in Tokyo has not yet responded to this matter. (Kin10)
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