BySiladitya Ray
BySiladitya Ray,
Forbes Staff.
The Trump administration has agreed to revise a presidential order on tariffs against Japan to correct an “extremely regrettable” error and eliminate the stacking of multiple tariffs on Japanese goods, Japan’s top trade negotiator said, ending confusion caused by varied interpretations on both sides of the trade deal between Japan and the U.S.
Reciprocal tariffs of 15% on Japanese imports will not stack on top of previously announced levies, Japan’s top trade negotiator Ryosei Akazawa told reporters after a meeting with U.S. officials.
