logo
Japan tries to track US tariff deal progress without written agreement

Japan tries to track US tariff deal progress without written agreement

Nikkei Asia28-07-2025
Japan aims to have the new, lower U.S. tariff rate take effect Aug. 1. © Reuters
TASUKU IKEDA
TOKYO -- Japan is working on a framework to monitor progress on implementing its tariff agreement with the U.S., as the Trump administration says it may raise tariffs again if it deems Tokyo has not made enough headway on purchasing and investment commitments.
The two sides agreed last week to lower "reciprocal" U.S. tariffs on Japanese goods to 15% from the planned 25%, and total import duties on autos from 27.5% to 15%.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store