The deal reduced tariffs on Japanese automobiles from 25% to 15%, benefiting companies like Toyota and Honda.
Explanation
The agreement cut U.S. tariffs on Japanese vehicles from Trump's threatened 25% to 15%, giving Toyota, Honda, Nissan, and Mazda a 10-percentage-point cost advantage over European and Korean automakers...
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Trump's September 4 executive order retroactively applied the 15% Japan tariff to goods imported starting August 7, 2025.
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