Japan and U.S. Near Final Deal on Auto Tariff Reductions

Negotiations between Japan and the United States have reached a crucial point, nearing finalization of a deal to reduce tariffs on Japanese automobiles. A Japanese government source has confirmed that they are close to an agreement with the U.S., which would see tariffs lowered from 27.5% to 15%. The plan is for these changes to take effect within 10-14 days, following a presidential executive order issued by former President Trump. The exact implementation date remains under discussion and will be finalized by President Trump himself before being implemented. The U.S. Embassy in Tokyo has yet to provide comment on the matter.