Japan announced this Friday that it will ask the U.S. to implement the bilateral trade agreement “as soon as possible,” which includes the reduction of tariffs on automobiles and parts.
“Japan will ask the United States to fully implement the tariff agreement as soon as possible. We are committed to the stable implementation of the agreement by both countries”, stated the Japanese Government spokesperson, Yoshimasa Hayashi, at a press conference.
The position of the Tokyo government comes after U.S. President Donald Trump signed an executive order on Thursday to impose 15% tariffs on Japan, which will take effect on August 7.
The text sets aside the automobile issue, although previous announcements indicated that the tariff for the sector will also remain at 15%.
It is worth noting that Japan and the United States reached a trade agreement on July 23, after months of negotiations, under which the Asian country will have to pay 15% tariffs and invest USD 550 billion, about €481 billion in the U.S.
Japan was the fifth most important trading partner for the U.S. in 2024, accounting for 4.3% of all trade and more than USD 148 billion, €130 billion in imports from the Asian country.
