- Japan’s tariff negotiator said the US would revise tariffs on Japanese goods by September 16.
- In an X post, he said there would be a reduction in Japanese automobile tariffs.
- The tariff rate for goods from Japan stands at 15%, pre-revision.
Japan’s tariff negotiator said the US tariffs on Japanese goods will go down.
Ryosei Akazawa, Japan’s minister of economic revitalization, who has been steering trade talks with the US, made the announcement via an X post on Tuesday.
In his post, Akazawa said that on Tuesday, September 16, the tariffs imposed by the US on Japan will be revised. He added that tariffs on automobiles and automotive parts from Japan will also be reduced.
This is the latest development in negotiations between the US and Japan, one of its largest trading partners.
In July, President Donald Trump announced that goods from Japan would be subject to a 25% tariff. Later that month, he reduced tariffs on the country from 25% to 15%, saying this was because Japan would be investing $550 billion in the US.
Trump reiterated this in an executive order in September. The order said that in return for the tariff reduction, Japan would provide American producers in sectors like aerospace, agriculture, food, energy, and automobiles with “breakthrough openings in market access.”
A representative of the Japanese embassy in Singapore did not respond to a request for comment from Business Insider.
