Japan and US Near Final Agreement on Auto Tariff Reduction

Negotiations for reducing auto tariffs between Japan and the United States are nearing completion, according to a Japanese government source. The proposed changes would lower the current 27.5% tariff to 15%, with the new rates anticipated to go into effect by the end of the month. An executive order from President Donald Trump is expected to trigger the implementation within 10 to 14 days, although the exact date for this action is still under discussion and will be finalized by the president. The U.S. Embassy in Tokyo has yet to issue a statement regarding the matter.