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US Reduces Auto Tariffs on Japan to 15% Amid Trade Strategy Shift
US Reduces Auto Tariffs on Japan to 15% Amid Trade Strategy Shift
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BTCCSquare news:
President Trump's executive order on September 4 slashed tariffs on Japanese autos and parts to 15%, effective September 16 at 12:01 a.m. EDT. The MOVE refunds overpayments since August 7 and aligns with Washington's push to recalibrate trade dynamics.
Commerce Secretary Howard Lutnick framed the reduction as conditional—Japan must uphold its U.S. investment pledges or face restored duties. Tokyo had lobbied intensely for the cut, with trade negotiator Ryosei Akazawa shuttling to Washington to expedite the decision.
The automotive sector anchors Japan's economy, making tariff relief critical. Yet the adjustment remains a bargaining chip in broader negotiations, reflecting the administration's transactional approach to trade policy.
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