HawkInsight

  • Contact Us
  • App
  • English

Trump signs executive order to formally implement the US-Japan trade agreement "

Internet reports that on September 4 local time, the White House stated that US President Trump signed an executive order to formally implement the US-Japan trade agreement. It is reported that the executive order will clarify tariff adjustment measures to ensure that Japanese imports that have previously imposed higher tariffs will not be double taxed, while goods with previous tax rates below 15% will be adjusted to the new tax rate. At the same time, separate industry-specific treatment is implemented for automobiles and auto parts, aerospace products, generic drugs, and natural resources that cannot be naturally obtained or produced in the United States. The statement also stated that Japan will provide breakthrough market access in key areas for U.S. manufacturers in manufacturing, aerospace, agriculture, food, energy, automobiles and industrial products. The Japanese government is working to accelerate the implementation of the "minimum access" rice program, increasing U.S. rice purchases by 75%, and purchasing U.S. agricultural products including corn, soybeans, fertilizers, bioethanol and other U.S. products, totaling US$8 billion per year.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More