Japanese Exports to US Fall 13.8% in August Amid Tariffs
Data from Japan’s Finance Ministry shows Japanese exports to US fell for the fifth straight month, dropping 13.8% in August due to tariffs on automobiles.
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US Lowers Tariffs on Japanese Autos, Korean Carmakers Face Disadvantage
The United States will reduce US auto tariffs on Japanese vehicles to 15% starting September 16, creating a competitive disadvantage for Korean carmakers who continue to face a 25% duty.
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Lower US Tariffs on Japanese Autos to Take Effect Tuesday
The United States is implementing a new trade pact with Japan, leading to reduced US-Japan auto tariffs. Japanese autos will now face a 15-percent duty, down from 27.5 percent. This provides relief for manufacturers amidst broader tariff policies.
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Lutnick Renews Criticism of India’s Trade Practices
US Commerce Secretary Howard Lutnick criticizes India’s trade practices, defends tariffs, and warns of economic isolation if markets aren’t opened to US exports.
