Japan trade negotiator to visit US to press for swift implementation of auto tariff deal
The U.S. last month agreed in a trade deal with Japan to lower existing tariffs on Japanese automobile imports to 15% from levies totaling 27.5% previously. Duties that were due to come into effect on other Japanese goods will also be cut to 15% from 25%.
"We will push the United States to make sure that an executive order be signed on the agreed tariff on automobiles and automotive components as soon as possible," Akazawa told parliament.
Referring to the problem of "stacking" where goods can be affected by multiple tariffs, Akazawa also said Japan wants to make sure that goods that are already levied at more than 15% would be exempt from the additional 15% rate.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
15 minutes ago
- The Independent
Removal of parts of Constitution from Congress website raises concerns
Significant parts of the US Constitution, including sections 8, 9, and 10, were temporarily removed from the website. Notably, Section 9, which discusses the Writ of Habeas Corpus protecting against unlawful detention, was among the missing text. The disappearance prompted an online frenzy and raised concerns about transparency among the public and media outlets. The Library of Congress, which maintains the website, stated that the removal was due to a 'coding error'. The missing sections were subsequently restored to the website later the same day.
.jpg%3Ftrim%3D0%2C0%2C0%2C0%26width%3D1200%26height%3D800%26crop%3D1200%3A800&w=3840&q=100)
The Independent
15 minutes ago
- The Independent
Why Trump is threatening to double India's tariffs
Donald Trump signed an executive order imposing a 50% tariff on Indian imports, citing India 's purchase of Russian oil This action has been criticised by India's opposition and public as 'bullying', with analysts warning it could undo two decades of diplomatic progress between the two nations. India has accused the US of double standards regarding Russian imports and vowed to protect its national interests, despite concerns that further escalation could harm it beyond trade. Analysts suggest the relationship is at its worst point since 1998, with India facing pressure to reduce Russian oil purchases without appearing to surrender to Trump's demands. Indian government sources indicate a need to gradually repair ties with the US while increasing engagement with the BRICS bloc and other nations affected by Trump's tariffs and aid cuts.
The Independent
15 minutes ago
- The Independent
Disney announces merger of two of its streaming platforms
Disney plans to fully integrate Hulu into the Disney+ app by 2026, marking the end of Hulu 's era as a standalone streaming platform. Walt Disney Company CEO Bob Iger announced the merger, stating it will create a unified app experience, improve user experience, and boost ad revenue. Users will be able to access Hulu content directly within the Disney+ app, whether through a bundled subscription or by linking their standalone Hulu subscription. Disney also revealed an enhanced ESPN app launching on August 21, available in a bundle with Disney+ and Hulu for $29.99 per month. The company reported increased profits, driven by 2.6 million new streaming subscribers and robust US theme park sales, with combined Disney+ and Hulu subscribers reaching 183 million. Hulu is set to go under major changes as streaming app merges with Disney+
