The White House will remove overlapping tariffs on Japanese imports entering the United States, according to Tokyo’s top trade negotiator.
Following high-level discussions in Washington, senior administration officials have agreed to revise a presidential executive order to ensure that the 15 percent tariff agreed upon in July will not be applied to Japanese goods already subject to higher tariff rates.
Ryosei Akazawa announced that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick have pledged to amend the July 31 directive, which included a no-stacking provision for the European Union but omitted Japan.
U.S. authorities will also issue refunds for any excess import duties previously collected….