Japanese Prime Minister Shigeru Ishiba on Wednesday said US auto tariffs would be cut to 15 percent from 25 percent, after the two countries reached a trade deal.
“We agreed to halve the additional 25 percent tariff rate imposed on cars and car parts since April to 15 percent” which includes the 2.5 percent previously in place, he said.
“We are the first (country) in the world to reduce tariffs on automobiles and auto parts, with no limits on volume,” he told reporters, confirming Japanese media reports on the auto tariffs.
nf-kaf/mtp
© Agence France-Presse
