Japan Trade Minister, USTR Reaffirm Tariff Cap Arrangement
Washington, Sept. 4 (Jiji Press)--Japanese trade minister Ryosei Akazawa and U.S. Trade Representative Jamieson Greer reaffirmed Friday the continuation of a special arrangement in which additional U.S. tariffs exceeding a level set under a bilateral agreement reached last year will not be imposed on goods from Japan. The confirmation at their meeting in Washington came at a time when the U...
Japanese Trade Minister Ryosei Akazawa and U.S. Trade Representative Jamieson Greer met in Washington on Friday to reaffirm the continuation of a special arrangement regarding tariff caps on Japanese goods. This agreement, reached last year, caps the combined rate of U.S. reciprocal tariffs and existing levies on Japanese products at 15 percent.
The meeting took place as the U.S. government prepares to introduce a new tariff under Section 301 of the U.S. Trade Act of 1974, targeting overproduction. Despite this, both sides confirmed their commitment to working on the implementation of the existing agreement, which remains unchanged.
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