Japan’s trade negotiator Ryosei Akazawa confirmed that U.S. will reduce tariffs on Japanese imports

￰0￱ on Japanese goods will be lowered, Japan’s tariff negotiator said ￰1￱ wrote in a X post that United States will revise tariffs on Japan Tuesday, September ￰2￱ cited a Federal Register notice due that day and said duties on cars and auto parts from Japan will be ￰3￱ April, President Donald Trump set a 25% across-the-board duty on imports of cars and their ￰4￱ July, he announced that every product coming from Japan would face a 25% ￰5￱ in July, the rate applied to Japan was cut to 15%, with officials citing a planned $550 billion investment in the United ￰6￱ September, Trump repeated the policy in an executive ￰7￱ said that, in return for the lower rate, Japan would give American producers in aerospace, agriculture, food, energy and autos “breakthrough openings in market access.” Expected ￰8￱ cut to ease costs for Japanese automakers Toyota’s August report projected that the auto duties would trim operating income in 2026 by 1.4 trillion yen, about $9.5 ￰9￱ also cut its full-year operating profit forecast by 16%, citing higher costs from ￰10￱ on cars, parts, steel and aluminium.

“It’s honestly very difficult for us to predict what will happen regarding the market environment,” Takanori Azuma, Toyota’s head of finance, told a briefing, vowing to keep making cars for US customers, regardless of tariff ￰11￱ in August, Honda warned it could see profits this year fall because of tariffs, estimating a 450 billion yen ￰12￱ July, General Motors reported a $1 billion reduction in its latest quarter’s profit due to the tariffs . Don’t just read crypto ￰13￱ ￰14￱ to our newsletter. It's free .