US Commits to Removing Stacked Tariffs on Japanese Goods

The 15 percent tariff agreed upon in July will not be imposed on Japanese goods already subject to higher tariffs.
US Commits to Removing Stacked Tariffs on Japanese Goods
New Toyota vehicles stored at an import processing facility at the Port of Long Beach in California on March 26, 2025. Damian Dovarganes/AP Photo
|Updated:
0:00

The White House will remove overlapping tariffs on Japanese imports entering the United States, according to Tokyo’s top trade negotiator.

Following high-level discussions in Washington, senior administration officials have agreed to revise a presidential executive order to ensure that the 15 percent tariff agreed upon in July will not be applied to Japanese goods already subject to higher tariff rates.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."