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White House Plans Special Tariff Carve-Out for Japanese Imports, Promises Retroactive Refund

Uncertainty over a formal amendment tied to no clear implementation timeline leaves key sectors questioning the carve-out’s enforceability.

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Overview

  • A White House senior official said the mutual tariff order will be amended to include previously agreed burden-mitigation carve-outs and any excess duties levied since August 7 will be refunded.
  • No formal amendment or implementation date has been set, leaving the intended cut in automobile tariffs from 27.5% to 15% in limbo.
  • Japanese livestock exporters have welcomed plans to maintain Wagyu beef under the pre-existing duty schedule, avoiding the additional surcharge.
  • Industry representatives, including major automakers, have praised the concessions yet warned that reliance on verbal assurances undermines certainty.
  • Economic Revitalization Minister Ryo Akazawa secured verbal U.S. assent during August 6–7 talks and will continue pressing for formal confirmation and clear timelines.