Trump signs executive order setting new tariff rates
The measure says the baseline tariff to be imposed on imports from Japan is 15 percent. That is the same rate that Japan and the US agreed on in their tariff negotiations last week.
Japanese officials said at the time that US levies on Japanese automobiles would be 15 percent. That number is based on cutting a 25-percent rate in half to 12.5 percent and adding an already-existing 2.5 percent levy. But the latest executive order makes no mention of this.
A uniform 10-percent tariff is currently being imposed on imports from Japan and other countries.
Under the executive order, tariffs that the Trump administration originally threatened to impose on many countries and regions are adjusted lower.
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