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President Donald Trump on September 4 an agreement with Japan explained how its 15 % tariff, in accordance with a one Pre -declared framework transactionsHuman
In Transaction Executive OrderThe import of “almost everyone” from the country is 15 % tariffs on you, Trump said. Products that are typically charged less than 15 % can add an advertising task to reach a new rate, while the goods that pay more than 15 % do not add a new task, and this brings this Tariff structure in accordance with the EUHumanity is an effective retirement structure on August 7, and transporters can apply for customs refund using standard methods.
In addition, the government has recognized a wide range of previously announced investments and the treatment of specific tariffs for the automotive, aerospace and agricultural industries. It also opened the door for more exceptions for civil aircraft and hard for products.
Japanese products do not consider natural resources available in the United States – or cannot be measured to respond to domestic demand – It could At each order, face a 0 % mutual tariff rate. General drugs, pharmaceuticals and pharmaceutical precursors It could Also be exempt from the mutual tariff rate.
The tariff transaction also included two key clauses for the automotive industry:
- Automakers also pay only 15 % of tariffs – instead of 25 % tariff 232 – for cars and automotive parts that look “Japanese products”. There are other rules on determining whether the vehicle or car parts are “Japanese products”.
- According to the executive order, vehicles manufactured and licensed in Japan are sold in Japan without additional tests.
In addition, as stated in July, Japan increases US rice imports by 75 % and buys $ 8 billion in agricultural goods such as soybean and fertilizer per year.
The agreement also describes the rules on aerospace manufacturers, while Japan is expected to buy US -made commercial aircraft alongside US defense equipment. In each sheet of the White House reality July 23Japan had agreed to buy 100 Boeing aircraft, though the recent executive order did not provide further details.
Japan also plans to make $ 550 billion in US investment selected by the US government, respectively. The budget was aimed at expanding domestic production and producing hundreds of thousands of US jobs.
The trading transaction now approved with the aim of reducing the US trade deficit with Japan, which was $ 68 billion in 2024 US International Trade Commission data dataHuman beings have been imported from Japan 4.3 % of the total US trade since last year.
Trump initially announced in July that Japan will face a 25 % tariff rateEffective on August 1. The tariff agreement was announced that the rate was reduced to 15 % at the end of that month.
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