“On Thursday, US President Donald Trump signed a decree reducing tariffs to 15% for imports of Japanese cars, as well as other goods, under Tokyo. Source: White House Site, Bloomberg literally from the White House message: “According to the Agreement, the United States will apply the base 15 percent tariff for almost all imports from Japan imported to the United States.””, – WRITE: www.pravda.com.ua
Source: White House Site, Bloomberg
Literally From the White House message: “According to the Agreement, the United States will apply the base 15 percent tariff for almost all imports from Japan imported to the United States.”
Advertising:
Details: Bloomberg notes that the agreement, including the promise that Japan would create an investment fund for $ 550 billion, has been reached in July, but has not yet been formalized because Washington and Tokyo have argued about its conditions.
According to the American official, the chief trading co -negotiator of Japan Akadzava, who was in Washington this week for negotiations, met with Trump on Thursday.
Trump’s decree prevents duties on individual countries on top of existing duties. The 15% tariff will be applied retroactively to most goods supplied, starting on August 7, dates when increased tariffs of the US President on dozens of trading partners came into force.
According to the decree, privileges for import of aerospace and automobile products will come into force within seven days. Japan insisted that the United States would comply with a 27.5%reduction agreement to provide assistance to a sector that is crucial to the country’s economy.
In addition, the United States abolish certain tariffs for planes and aircraft details, as well as generic pharmaceuticals, ingredients and chemical precursors.
Literally From the White House message: “This new tariff system, combined with increasing US exports and investment -oriented production, will help reduce the trade deficit with Japan and restore the greater positive balance in the overall trade position of the United States.”
Recall: It has been reported that the agreement between Japan and the US may be a model for other trade agreements that are currently being discussed with Washington. According to economists, the global economy is still able to withstand the agreed level of duties of 15%.