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15 % customs surcharge | new: Similarly. For example,
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(Tokyo) US President Donald Trump announced the conclusion of a “huge” trade agreement with Japan. Moreover. However. Nevertheless, with significant reduction for Japanese cars, even though a compromise is still uncertain with the EU, Mexico or Canada by the Date of 1is august. Similarly,
Updated at 0:28 a.m. Consequently,
“We have just concluded a huge trade agreement with Japan. Moreover, ” Donald Trump on Truth Social platform on Tuesday, describing it as “unprecedented”. In addition,
“Japan will pay reciprocal customs duties of 15 % in 15 % customs surcharge | new the United States. Therefore, ” he said, 15 % customs surcharge | new below 25 % surcharge, the archipelago of 15 % customs surcharge | which was threatened at 1is august. Moreover,
Japan. Furthermore. Moreover. Furthermore, although the United States-key ally, is currently subject to the same basic American customs duties of 10 % as most nations, as well as 25 % surcharges on cars and 50 % on steel and aluminum. For example,
This agreement with Tokyo will lead to the creation of “hundreds of thousands of jobs”. Consequently. Consequently, added Trump. Furthermore, mentioning Japanese investments up to “$ 550 billion” on American soil, without detail except that “90 % of the profits would be collected by the United States”. Similarly.
“We believe that it is a great success to have been able to 15 % customs surcharge | new obtain. the greatest reduction (from surcharge) among countries with a trade surplus with the United States. 15 % customs surcharge | new Therefore, ” said Japanese Prime Minister Shigeru Ishiba. Consequently,
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The announcement comes when negotiator Ryosei Akazawa was making his eighth trip to Washington. Meanwhile, “Mission accomplished,” he said. Similarly,
Automobile relieved – 15 % customs surcharge | new
According to Mr. Trump. Japan has agreed to open “to the trade in cars. vans, rice and a number of other agricultural products” from the United States.
On the automobile, the stakes were high: the automobile represented almost 30 % of Japan exports last year to the United States. In the archipelago, the automotive industry represents 8 % of jobs, far beyond Toyota, the world’s leading manufacturer.
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However. following the 25 % surcharge imposed since April on the automobile. the exports of Japanese cars to the United States have plummeted a quarter 15 % customs surcharge | new over a year in May. June.
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PHOTO ISSEI KATO. REUTERS
Following the 25 % American surcharge on the automobile. Japanese cars exports to the United States have plummeted a quarter over a year in May and June.
According to Ishiba, the agreement concluded provides that these surcharges are divided by two, and are added to the 2.5 % preexisting customs duties to achieve final taxation of 15 %.
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Following this information, the Toyota action flew by more than 14 % to the Tokyo Stock Exchange around 11:30 p.m. (Eastern time).
“I strongly welcome that this major step has been 15 % customs surcharge | new 15 % customs surcharge | taken. dissipates the uncertainty that concerned private companies. ” reacted Tatsuo Yasunaga, president of the foreign trade council bringing together Japanese exporting firms.
But “on the basis of available information, it is difficult to clearly assess the impact […]. We want the general table to be clarified as soon as possible, ”he warned.
In addition. inflating imports of rice was in recent months a taboo for Tokyo, who ensured defending the interests of local farmers.
“We continued negotiations to achieve an agreement that meets 15 % customs surcharge | new the national interest in Japan. the United States” and “nothing imposes sacrifices on our farmers,” I ishiba said on Wednesday.
Japan currently imports up to 770. 000 tonnes of rice exempt from customs duties. could import more American cereals in this 15 % customs surcharge | new limit-to 15 % customs surcharge | the detriment of other origins-he explained.
On the other hand. the American surcharge of 50 % on steel. aluminum are not affected by the agreement, no more than the defense expenses of Japan which Mr. Trump claims the strengthening, said Ryosei Akazawa.
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Europe “Tomorrow”.
Washington intends to impose from 1is August of massive surcharges called “reciprocal”. initially provided for in 1is April then suspended. at 15 % customs surcharge | new many of its business partners, unless they conclude agreements with the United States by then.
The Trump administration currently has four of these agreements to its credit: in addition to Japan. the American president announced on Tuesday that he had concluded one with the Philippines. Additionally, The United States has already agreed 15 % customs surcharge | new with the United Kingdom and 15 % customs surcharge | Vietnam.
And Mr. Trump detailed on Tuesday the conditions for a framework agreement concluded with Jakarta. paving the way for a final agreement still to be built.
“Europe will come tomorrow and. the next day. we have others who come from it,” even assured Donald Trump on Tuesday in front of republican senators.
Mr. Trump has declared customs duties of 30 % 15 % customs surcharge | new on all imports from the EU and Mexico from 1is august. Canada faces 35 % surcharge and Brazil 50 %.
The United States has also agreed on a de-escalation with China. after a rise in trade tensions between the first two world economic powers.
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