TechFlow news, September 5 — According to Jinshi Data, the White House announced that U.S. President Trump has signed an executive order formally implementing the U.S.-Japan trade agreement.
Under the U.S.-Japan trade agreement, the United States will impose a 15% base tariff on nearly all Japanese imports, while applying separate sector-specific treatments for automobiles and auto parts, aerospace products, generic drugs, and natural resources that are not naturally available or producible domestically in the U.S.
The Japanese government commits to accelerating the implementation of the rice "minimum access" program, increasing purchases of U.S. rice by 75%, and procuring U.S. agricultural products including corn, soybeans, fertilizers, bioethanol (including bioethanol for sustainable aviation fuel), and other American goods, amounting to $8 billion annually.
The Japanese government also commits to allowing the sale in Japan of passenger vehicles manufactured in the U.S. and certified safe by U.S. authorities without requiring additional testing. Additionally, Japan will purchase U.S.-manufactured commercial aircraft and U.S. defense equipment.
