US Implements Japanese Trade Deal; 15% Tariffs, Billions in Investments, Ag Purchases
Later on September 4, the US implemented a previously announced trade deal with Japan–setting a 15% baseline tariff on almost all Japanese goods imported to the US, according to a White House statement about a presidential order. This comes almost a week after tariffs were again disputed in the US judicial system.
The now-implemented deal also created sector-specific carve-outs and outlined commitments on both sides that will affect demand for US agricultural commodities and beyond (namely, for US rice).
Plus, the order carves...
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