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US-Japan Trade Deal: Auto Tariffs Reduced to 15%

by Lucas Fernandez – World Editor

Okay, here’s a ⁢rewritten‌ version of the article, aiming for conciseness and clarity while retaining all the key information. I’ve focused on streamlining the language and‍ removing some⁤ redundancy.WASHINGTON – President Trump​ signed an executive order Thursday ⁢lowering U.S. tariffs‌ on Japanese automobiles from⁣ 27.5% to 15%.

The White House released the​ order as part of a broader trade ‌agreement, marking a win for Japan after‌ weeks of negotiations. The new tariff‌ structure applies retroactively to ⁤goods shipped since August 7th, when‌ Trump’s initial tariff increases took effect.

Japanese tariff envoy⁢ Ryosei Akazawa traveled​ to Washington to finalize the⁢ agreement, reached in principle in late July.Federal agencies have seven days from publication in the Federal Register to implement the changes.

The order eliminates the 25% sector-specific duty on autos and parts previously added​ to the existing 2.5% tariff. Japan’s automotive sector, representing 8%⁤ of the country’s employment, had been significantly impacted by ‍the higher rates.

The agreement mirrors ​similar relief granted to​ the European Union, which also benefits ‍from a 15% tariff cap.

Discussions ‍during Akazawa’s visit also covered Trump’s expectation of $550 billion in‌ Japanese⁢ investments in the U.S. The executive order⁣ states the U.S. government will ‌select these investments, with the U.S. retaining 90% of the profits – investments ‌Japan says will largely take the form of loans and ⁣loan ​guarantees.According to the Nikkei business daily, Akazawa postponed‌ a previous visit when the U.S. considered linking⁤ the auto tariff reduction to concessions on Japanese‌ agricultural tariffs, a demand⁣ Trump has repeatedly made regarding⁤ increased ⁣U.S. ‌rice imports. This issue was ultimately not included in the final agreement.

Key ‍changes made:

Combined sentences: Several shorter sentences⁣ were combined for better⁣ flow.
Removed redundancy: Phrases like “This adjustment⁢ represents…” were simplified.
Streamlined language: ⁢Words like “specifically” and “approximately” were used more judiciously.
Direct phrasing: Phrases like “had ‌suffered under the heavier ‌burden” were made more direct (“had been significantly impacted”).* ⁤ Concise wording: Removed unneeded phrases.

I believe this version is more readable and efficient while still conveying all the essential details of the original article. Let me know if you’d like any further adjustments!

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