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Trump Signs Executive Order, Officially Implementing US-Japan Trade Agreement
Summary: According to sources, the White House announced that US President Trump has signed an executive order, officially implementing the US-Japan trade agreement. Under the US-Japan trade agreement, the US will impose a 15% tariff on almost all Japanese imports, while providing separate industry-specific treatment for automobiles and auto parts, aerospace products, generic drugs, and natural ...
According to sources, the White House announced that US President Trump has signed an executive order, officially implementing the US-Japan trade agreement.
Under the US-Japan trade agreement, the US will impose a 15% tariff on almost all Japanese imports, while providing separate industry-specific treatment for automobiles and auto parts, aerospace products, generic drugs, and natural resources that the US cannot naturally obtain or produce domestically.
The Japanese government will work to expedite the implementation of the minimum access rice plan, increasing US rice purchases by 75% and purchasing US agricultural products including corn, soybeans, fertilizers, bioethanol (including bioethanol for sustainable aviation fuel), and other US products, totaling $8 billion annually.
Japan will also allow the sale of US-manufactured passenger cars in Japan that have obtained US safety certification without additional testing. Additionally, Japan will purchase US-manufactured commercial aircraft and US defense equipment.
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Link: Trump Signs Executive Order, Officially Implementing US-Japan Trade Agreement [Copy]
