US, Japan announce trade deal setting tariffs at 15%; auto levy exemption remains unclear

Joseph Chen, DIGITIMES Asia, Taipei Wednesday 23 July 2025 0

Credit: Bloomberg

President Donald Trump announced on Tuesday that the US and Japan have reached a trade agreement, setting reciprocal tariffs at 15% for Japanese exports to the US. This rate is notably lower than the 25% tariff President Trump had previously threatened...

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