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17h ago

Trump Signs Order Capping U.S. Tariffs on Japanese Goods at 15%, Cutting Auto Duty

The move resolves stacking concerns by setting a 15% ceiling with some relief backdated to Aug. 7.

A cargo ship carrying containers is seen at an industrial port within Tokyo Port, Japan August 28, 2025. REUTERS/Issei Kato/ File Photo
A man fishes near rows of Subaru vehicles lined up at a vehicle storage yard at an industrial port in Yokohama, near Tokyo, Japan, July 23, 2025. REUTERS/Kim Kyung-Hoon//File Photo

Overview

  • The executive order lowers U.S. tariffs on Japanese autos and parts to 15% from 27.5%, with implementation ordered within seven days of Federal Register publication.
  • Anti‑stacking rules set total duties on Japanese goods to 15% when existing levies are below that rate and apply a zero reciprocal charge where current duties are at least 15%.
  • Some tariff relief applies retroactively to entries from Aug. 7, addressing overcharges after broader U.S. tariff hikes took effect last month.
  • Japan affirmed a pledge of up to $550 billion in U.S. investments and expanded agricultural purchases totaling about $8 billion annually, including a 75% increase in rice procurements.
  • The order authorizes the commerce secretary to set a zero reciprocal rate for specified categories such as certain natural resources and generic pharmaceuticals, as markets rallied while analysts cautioned smaller automakers remain under pressure.