Why US will reimburse Japan for ‘wrongly collected’ tariff

Japan Trade Negotiator Akazawa to Give Diet Explanation on U.S. Deal on Aug. 15

TOKYO (Jiji Press) — Economic revitalization minister Ryosei Akazawa will explain the trade agreement reached between Japan and the United States last month at a budget committee meeting of the Diet on Aug. 15, the ruling and opposition parties decided Friday.

Why US will reimburse Japan for ‘wrongly collected’ tariff

After the meeting with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent on Thursday, Akazawa said now the US will not be adding the 15 per cent duty to existing tariffs but will instead treat it as something akin to a ceiling rate.

Japan’s Trade Chief Rushes to US to Secure Swift Auto Tariff Agreement

Japan’s top trade negotiator is set to visit the United States this week to urge swift implementation of the recently agreed-upon auto tariff deal, Reuters reports. The visit underscores Tokyo’s commitment to strengthening economic ties and resolving outstanding trade barriers amid ongoing global supply chain challenges. With both countries aiming to bolster their automotive industries, the negotiations are expected to focus on ensuring timely e…

Japan to Get Tariff Refunds After US Error

The United States has acknowledged an “error” in how it implemented its trade deal with Japan and has vowed to rectify it, according to Japan’s chief tariff negotiator, as reported by Kyodo News Agency on Friday. Ryosei Akazawa, who is currently in Washington for talks with American officials, said that the US has agreed to reimburse the import duties that were charged due to the error. Akazawa has conferred with US Commerce Secretary Howard Lut…