Tensions have been mounting between the United States and Japan as both sides appear to have starkly different interpretations of a trade deal finalized last month.

Tensions have been mounting between the United States and Japan as both sides appear to have starkly different interpretations of a trade deal finalized last month.

The change will mean Trump’s reciprocal tariff rate of 15% on Japan will not stack on top of existing sector-specific levies, similar to an arrangement with the EU.