US President Donald Trump made everyone restless by bursting tariff bombs worldwide. But Trump is now seen taking a U-turn with this decision. Donald Trump, who has been engulfed in his own country, is now slowly withdrawing from his decision. Although Trump is giving his reason. But still it will be considered a U turn in front of the whole world. US President Donald Trump has made a big announcement about Japan. In the meantime, India and Japan were getting closer to each other. They were increasing their partnership. At that time US President Donald Trump has reduced the tariff imposed on Japan. According to the information, there has been a trade agreement between the US and Japan. For which the executive order has been signed. The agreement has been described by Trump as the beginning of a new era of America Japan trade relations.
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Trump has imposed a base line tariff of 15 per cent on almost all Japanese imports coming to the US. Whereas automobiles and autoports, aerospace products, generic medicines, non -domestic natural resources are given sector specific discounts. That is, America has given great relief to Japan at this time. The US which imposed a 25 percent tariff on Japan a few days ago. Let us know that in the initial stages, President Trump had announced to impose 25 percent tariffs on Japan and South Korea. However, in addition to 25 per cent tariffs on Japan and South Korea, India has also been applied as an additional 25 per cent tariff as India buys oil from Russia. But the base line tariff was 25 percent like Japan and South Korea. The talk between the US and Japan was stuck on the trade deal in the middle. But now there has been a trade deal between the two countries.
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According to the Executive Order published by the White House, Japanese automobiles will have 15 percent tariff instead of the current 27.5 percent, while the tariff limit on many other items will also be 15 percent. This result is a win for Japan, as Tokyo’s tariff messengers went to Washington on Thursday to pressurize Trump to sign the document of these changes. A few weeks after the announcement of the agreement by both sides. Although the two countries unveiled a trade agreement in late July, its details appeared to be different. When Trump implemented high charges on Japan in early August – as part of a range of targeting dozens of economies – his 15 percent rate came into force to existing levels for multiple products. Japan’s tariff envoy Ryosei Akazwa had earlier told reporters that Washington was expected to amend the rule.
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According to the executive order, the agreement provides equal opportunities for American producers, takes into account national security requirements, expands American exports and investment-based production, and helps reduce trade deficit with Japan. These changes will become effective within seven days of being published in the federal register. The signature occurred with the arrival of Washington for another round of Ryosei Akazawa, the leading negotiator of Japan. The announcement has been made at a time when Japan’s leading business negotiator, Akazwa Ryosai, left for a three -day visit to Washington on Thursday for a new round of talks.