US EditionLower US tariffs on Japan autos to take effect Tuesday
The tariff reduction from 27.5% to 15% aims to aid Japanese automakers and includes a $550 billion investment pledge in the US, effective retroactively from August 7.
- Beginning Tuesday, the United States will reduce the tariff rate on automobiles coming from Japan from 27.5 percent down to 15 percent.
- This tariff cut follows a new US-Japan trade pact unveiled in July and comes amid a broader progression of tariff hikes since Trump returned to presidency in January.
- The 15 percent tariff cap applies retroactively from August 7, excludes Japanese products already facing duties above 15 percent, and was confirmed by the Commerce Department on Monday.
- The current 15 percent rate results from halving the 25 percent tariff on autos plus adding the existing 2.5 percent levy, providing manufacturers relief from fresh duties this year.
- This tariff adjustment signals Washington's implementation of its recent pact with Tokyo and anticipates $550 billion in Japanese investments in the US.
49 Articles
49 Articles
Lower US tariffs on Japan autos to take effect on Sep 16
WASHINGTON: Lower United States tariffs on Japanese autos are set to take effect this week, a Commerce Department notice confirmed on Monday (Sep 15), as Washington implements a recent trade pact it had negotiated with Tokyo.
US Tariff of 15% on Japanese Auto Exports to Take Effect Tuesday
The US will begin formally implementing a lower 15% tariff rate on imports of automobiles and auto parts from Japan as of Tuesday morning, according to the Trump administration, in line with a trade deal between the two economies.
연합뉴스-Yonhap News Agency
Naver(Washington = Yonhap News) Correspondents Park Sung-min, Hong Jeong-gyu, and Kim Dong-hyeon = Starting on the 16th (local time), the United States will apply tariffs on Japanese automobiles that are 10 percentage points lower than those imposed on South Korea...
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