US President Trump (Donald Trump) recently signed an executive order to officially implement the US-Japan trade protocol announced on 7/22, reducing Japanese auto tariffs to 15% and designating Japan as a tariff exemption target.
15% tariff on Japan is basic, while the 550 billion investment is the key.
The main highlights of the US-Japan protocol on July 22 are:
The United States will impose a 15% baseline tariff on Japanese goods.
At the same time, Japan also committed to increasing its rice purchases from the United States by 75%, and to fixed annual purchases of agricultural and chemical products such as corn, soybeans, and bioethanol, totaling up to 8 billion dollars.
Moreover, Japan will allow the import of American vehicles without testing, procure American aerospace and defense equipment, and has also committed to investing $550 billion in the United States to create hundreds of thousands of job opportunities.
15% tariff will start on 9/16, details on taxes for automobiles and aerospace will be announced soon.
Subsequently, Trump signed an executive order on 9/4 to reduce the import tariff on Japanese automobiles to 15% and designated Japan as a target for reciprocal tariff reductions. In other words:
“Goods with a tax rate lower than 15% will be supplemented to 15%. If the goods reach 15% or more, no additional tax will be imposed.”
The order was published in the Federal Register on 9/9 and became effective on 9/16.
Among them, Japan's aerospace products (, excluding drones ), will be exempt from previously imposed tariffs. Automobiles and parts will be subject to a basic tax rate of 15%, with details to be announced by the U.S. Department of Commerce before 9/16.
The new system establishes exemption clauses, with some Japanese products enjoying a 0% tax rate.
The new system also retains the “special exemption clause” for Japan, which is:
“Certain specific items exported from Japan to the United States are not subject to the 15% base tariff limit and can enjoy a 0% tariff.”
Including natural resources that cannot be supplied from the U.S. mainland, as well as generic drugs, medicines, and chemical raw materials. The U.S. Department of Commerce will determine which items are eligible for special exemption clauses based on “national interest” and “Japan's compliance status.”
In the future, the U.S. Department of Commerce must regularly report to Trump on the execution situation. If Japan fails to fulfill its commitments, Trump will adjust the measures again. At the same time, the executive order also authorizes the Department of Commerce and the Department of Homeland Security to directly revise the U.S. tariff schedule (HTSUS) and announce new regulations to ensure the new system is effectively implemented.
The Japanese government stated that it will do its utmost to safeguard national interests.
Regarding the new measures from the United States, Japan's Minister for Economic Revitalization, Akizawa Ryozo, stated after a cabinet meeting on September 10 that the United States will reduce tariffs on Japanese automobiles and provide equivalent tariff reductions, expected to take effect before the 16th. He also announced this news on Twitter (X).
Subsequently, Prime Minister Shigeru Ishiba emphasized during a meeting at the Prime Minister's official residence that “this is not the end; the government will continue to do its utmost to protect national interests,” and proposed three main points:
Explain the policy content to the industry and analyze its impact.
Provide funding turnover assistance to alleviate the impact on industries and employment.
Strictly manage the implementation status and progress of the US-Japan protocol.
The picture shows Shi Pomo at a meeting in the United States releasing the latest tariff measures.
( The US-Japan trade protocol has been reached! Trump stated that Japan will invest 550 billion in the US, and tariffs on Japan will be reduced to 15% )
This article states that the United States will not impose a 15% tariff on Japan! Some products may be tax-exempt, effective from 9/16. It first appeared in Chain News ABMedia.
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The United States will not impose a 15% tariff on Japan! Some products can be exempt from taxes, effective from 9/16.
US President Trump (Donald Trump) recently signed an executive order to officially implement the US-Japan trade protocol announced on 7/22, reducing Japanese auto tariffs to 15% and designating Japan as a tariff exemption target.
15% tariff on Japan is basic, while the 550 billion investment is the key.
The main highlights of the US-Japan protocol on July 22 are:
The United States will impose a 15% baseline tariff on Japanese goods.
At the same time, Japan also committed to increasing its rice purchases from the United States by 75%, and to fixed annual purchases of agricultural and chemical products such as corn, soybeans, and bioethanol, totaling up to 8 billion dollars.
Moreover, Japan will allow the import of American vehicles without testing, procure American aerospace and defense equipment, and has also committed to investing $550 billion in the United States to create hundreds of thousands of job opportunities.
15% tariff will start on 9/16, details on taxes for automobiles and aerospace will be announced soon.
Subsequently, Trump signed an executive order on 9/4 to reduce the import tariff on Japanese automobiles to 15% and designated Japan as a target for reciprocal tariff reductions. In other words:
“Goods with a tax rate lower than 15% will be supplemented to 15%. If the goods reach 15% or more, no additional tax will be imposed.”
The order was published in the Federal Register on 9/9 and became effective on 9/16.
Among them, Japan's aerospace products (, excluding drones ), will be exempt from previously imposed tariffs. Automobiles and parts will be subject to a basic tax rate of 15%, with details to be announced by the U.S. Department of Commerce before 9/16.
The new system establishes exemption clauses, with some Japanese products enjoying a 0% tax rate.
The new system also retains the “special exemption clause” for Japan, which is:
“Certain specific items exported from Japan to the United States are not subject to the 15% base tariff limit and can enjoy a 0% tariff.”
Including natural resources that cannot be supplied from the U.S. mainland, as well as generic drugs, medicines, and chemical raw materials. The U.S. Department of Commerce will determine which items are eligible for special exemption clauses based on “national interest” and “Japan's compliance status.”
In the future, the U.S. Department of Commerce must regularly report to Trump on the execution situation. If Japan fails to fulfill its commitments, Trump will adjust the measures again. At the same time, the executive order also authorizes the Department of Commerce and the Department of Homeland Security to directly revise the U.S. tariff schedule (HTSUS) and announce new regulations to ensure the new system is effectively implemented.
The Japanese government stated that it will do its utmost to safeguard national interests.
Regarding the new measures from the United States, Japan's Minister for Economic Revitalization, Akizawa Ryozo, stated after a cabinet meeting on September 10 that the United States will reduce tariffs on Japanese automobiles and provide equivalent tariff reductions, expected to take effect before the 16th. He also announced this news on Twitter (X).
Subsequently, Prime Minister Shigeru Ishiba emphasized during a meeting at the Prime Minister's official residence that “this is not the end; the government will continue to do its utmost to protect national interests,” and proposed three main points:
Explain the policy content to the industry and analyze its impact.
Provide funding turnover assistance to alleviate the impact on industries and employment.
Strictly manage the implementation status and progress of the US-Japan protocol.
The picture shows Shi Pomo at a meeting in the United States releasing the latest tariff measures.
( The US-Japan trade protocol has been reached! Trump stated that Japan will invest 550 billion in the US, and tariffs on Japan will be reduced to 15% )
This article states that the United States will not impose a 15% tariff on Japan! Some products may be tax-exempt, effective from 9/16. It first appeared in Chain News ABMedia.