The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
Japan’s tariff negotiator Ryosei Akazawa announced that revised U.S. tariff rates on Japanese goods, including autos, will take effect within a week of their 9 September publication in the Federal Register.
The move follows Trump’s executive order on the U.S.-Japan trade agreement signed in July, which cut tariffs to 15% in exchange for a $550 billion package of Japanese investments and loans for U.S. projects.
Akazawa said the order brought clarity on implementation but stressed that negotiations remain unfinished.
Key issues, including most-favoured-nation status for semiconductors and pharmaceuticals, were left out of the executive order.
While a joint statement last week promised Japan the lowest tariff rates on chips and pharmaceuticals under any U.S. trade deal, Tokyo continues to push for the pledge to be formalised.
On the $550 billion investment package, Akazawa noted that it will be up to Washington to decide which projects, such as Nippon Steel’s planned U.S. Steel acquisition or SoftBank Group initiatives will benefit.
The prospect of a lasting peace between Azerbaijan and Armenia has gained renewed significance as Armenia approaches a pre-election period marked b...
In a parliamentary vote on Wednesday (22 April), Turkish lawmakers approved legislation designed to protect minors from harmful online content. Pas...
The Middle East conflict is pushing up energy prices and feeding into UK food costs, with businesses warning the impact is reaching consumers throu...
Meta, which owns Facebook and Instagram, said it's installing software on its employees computers to capture keystrokes and mouse movement...
Armenia’s Security Council Secretary Armen Grigoryan says progress in talks with Azerbaijan is helping the country manage economic and securi...
Some tariffs on foods and other imports from Argentina, Ecuador, Guatemala, and El Salvador will be removed under framework agreements that give U.S. firms greater market access, the United States said on Thursday.
On Friday, Canada is set to announce the removal of numerous retaliatory tariffs on American goods as a goodwill gesture to re-energise trade talks with Washington, a source told reporters.
The European Union is pushing for U.S. tariff cuts on European cars to take effect retroactively, as both sides released details of their July trade framework deal aimed at easing transatlantic trade tensions.
U.S. and Chinese trade officials plan to meet again in the coming months to discuss their economic relationship, as the two countries extended a tariff truce for 90 days.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
Meta Platforms will cut about 10% of its global workforce from 20 May, marking the start of a wider restructuring as the company increases spending on artificial intelligence (AI) and plans further layoffs later this year, according to sources familiar with the matter.
President Donald Trump has warned that the U.S. could impose "big" tariffs on British goods if the UK does not remove its digital services tax. Speaking to reporters at the White House on Thursday, Trump said Washington was ready to act in response to the levy on major American technology firms.
China's domestic automakers have a message for the boardrooms of premium German brands such as Porsche, Mercedes-Benz, and BMW: We are coming for your customers, and we are armed with superior technology at a fraction of the cost.
Tim Cook, the tech boss who led Apple to become a $4 trillion company in its post-Steve Jobs era, is stepping down after 15 years in the top job. John Ternus, an Apple veteran of 25 years, who is currently the U.S. company’s Vice President of Hardware Engineering, will take over from September.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment