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3d ago

U.S. and Japan Implement 15% Reciprocal Tariff Pact

The pact requires Japan to open key sectors to U.S. exports under a 15 percent reciprocal tariff regime.

Sánchez: Una guerra comercial China-UE no beneficiaría a nadie
Bruselas negocia contrarreloj y advierte con represalias por 93.000 millones de euros
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Overview

  • The agreement took effect on August 1, replacing threatened 25 percent duties with permanent 15 percent tariffs on bilateral imports.
  • Japan committed $550 billion to a U.S. investment fund structured to deliver 90 percent of returns to American interests.
  • Tokyo must open automotive, agricultural and other key markets to U.S. exporters as part of the deal.
  • Similar reciprocal tariff pacts were struck this week with Indonesia, the Philippines, the U.K. and Vietnam.
  • Washington is pressing the European Union toward a matching 15 percent tariff framework in ongoing negotiations.