Trump tariffs: US president signs order to cut levies on Japanese cars to 15%
Source: BBC
US President Donald Trump signed an executive order on Thursday that cuts tariffs on Japanese car imports from 27.5% to 15%, easing uncertainty for motor industry giants like Toyota, Honda and Nissan.It formalises an agreement, which was announced in July, to apply a 15% levy to almost all Japanese exports to the US - including vehicles and pharmaceuticals.Tokyo has also agreed to invest $550bn (£410bn) in US…
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