U.S. to fix Japan double tariff oversight

AWANI

The U.S. has promised to correct a presidential order that caused double tariffs on Japanese goods, refund overpaid duties, and cut auto levies after urgent trade talks in Washington.

Transcript

00:00The U.S. has agreed to amend a presidential executive order to remove overlapping tariffs

00:05on Japanese goods, according to Tokyo's trade negotiator.

00:10The move follows urgent talks in Washington aimed at resolving what he calls a regrettable oversight.

00:18Ryosei Akazawa met U.S. Commerce Secretary Howard Letnick and Treasury Secretary Scott Besant

00:23to press for action. He urged them to ensure that a 15% levy, agreed last month,

00:28would not be stacked on goods such as beef already facing higher duties.

00:33Akazawa said the officials promised to revise the July 31st presidential order.

00:38He confirmed that Letnick and Besant indicated that President Donald Trump would separately

00:42lower auto tariffs from 27.5% to 15%, aligning with last month's trade deal.

Category

Transcript

Be the first to comment

Recommended