Brief by Shorts91 Newsdesk / 04:57am on 05 Sep 2025,Friday International
On September 4, 2025, U.S. President Donald Trump signed an executive order implementing a previously negotiated trade agreement with Japan, reducing tariffs on Japanese automobiles from 27.5% to 15% . The new rate applies retroactively to imports shipped from August 7, and extends a 15% cap to a broader array of goods . As part of the deal, Japan pledged a staggering $550 billion investment in U.S. projects, ranging from infrastructure to defense and agriculture, aiming to deepen economic ties and foster job creation . Meanwhile, South Korea warned of potential disadvantages to its auto exports under the unchanged 25% duty. (PC: The Economic Times)
