US EditionJapan says US promises to fix double tariff oversight
WASHINGTON, US, AUG 9 – The US agreed to correct tariff stacking errors on Japanese imports and refund excess duties after Japan's urgent request to clarify a July trade deal, affecting tariffs on key goods.
- The U.S. government promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, as stated by Tokyo's trade negotiator Ryosei Akazawa.
- Tokyo's officials urged U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to ensure that the 15% levy was not stacked on existing tariffs.
- Lutnick and Bessent announced that the U.S. would lower auto tariffs to 15% from 27.5%, as part of a prior trade agreement.
- Japan's government stated it would maintain close communication with the U.S. regarding tariff negotiations, as emphasized by Akazawa.
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20 Articles
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TOKYO >> The Trump administration has agreed to correct an “extremely regrettable” blunder in the execution of its trade agreement with Japan, the country’s top trade negotiator said in Washington on Thursday.
Japan: US Promises to Fix Double Tariff Oversight
The U.S. government on Thursday promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, Tokyo's trade negotiator said, after talks in Washington to fix what he called a regrettable oversight.
'Extremely regrettable': Trump admin confesses to major 'blunder' in new deal with Japan
In its haste to impose sweeping tariffs on countries the world over, the Trump administration is now admitting to making an "extremely regrettable” blunder after having accidentally double tariffs on certain products for Japan, and is now vowing to correct the matter, The New York Times reported Fri...
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