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Japan’s Akazawa says U.S. auto tariff cut may take time, NHK reports

JAPAN, JUL 31 – Japan stresses the need for quick U.S. tariff cuts to protect its auto exporters amid a delayed 15 percent tariff implementation set for Aug. 7, 2024, officials said.

Summary by WTVB
TOKYO (Reuters) -Japan’s top trade negotiator Ryosei Akazawa said it might take some time for U.S. tariffs on automobiles to be lowered to 15%, public broadcaster NHK reported on Thursday. Under a bilateral trade deal clinched with Japan earlier this month, the U.S. agreed to lower “reciprocal” tariffs on goods and a levy on automobiles both to 15% from the current 25%. Speaking to reporters after the government’s task-force meeting on U.S. tari…

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Kyodo News+ broke the news in Japan on Thursday, July 31, 2025.
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