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U.S.-Japan tariff talks: tariff on auto lowered to 15%
On July 23, multiple media including the Nikkei reported that the U.S. and Japan had agreed in their tariff negotiations to reduce the current 25% auto tariff to 12.5%. Japanese autos exported to the U.S. will now face a total tariff of 15%, including the existing base rate of 2.5%.
On July 22, U.S. President Trump p
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