Moneycontrol PRO
HomeWorldJapan says US promised to fix tariff order to avoid double duties

Japan says US promised to fix tariff order to avoid double duties

Tokyo’s top trade negotiator Ryosei Akazawa urged Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to ensure that an earlier agreed 15% levy on Japanese imports was not also stacked on goods that were already subject to higher tariffs.

August 08, 2025 / 06:44 IST
US Secretary of the Treasury Scott Bessent and Japan's Economic Revitalization Minister Ryosei Akazawa. (Courtesy: Reuters photo)

US Secretary of the Treasury Scott Bessent and Japan's Economic Revitalization Minister Ryosei Akazawa. (Courtesy: Reuters photo)

The US government on Thursday promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, Tokyo's trade negotiator said, after talks in Washington to fix what he called a "regrettable" error.

In those discussions in Washington,  trade negotiator Ryosei Akazawa urged Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to ensure that an earlier agreed 15% levy on Japanese imports was not also stacked on goods that were already subject to higher tariffs.

They explained they would amend the presidential order and in doing so also refund any portion of the duties collected since August 7, when President Donald Trump issued his tariff order, Akazawa said.

Lutnick and Bessent said Trump would at the same time lower auto tariffs to 15% from 27.5%, in line with the agreement on trade reached by the two countries last month.

The US Treasury and Commerce Department did not immediately respond to requests for comment on the meetings with Akazawa.

Much of the agreement Akazawa reached during his previous visit to Washington in July, when he met Trump, was never put into a signed document, creating confusion in Tokyo and concern that some Japanese companies could face far higher tariffs than anticipated.

Japan "will continue to maintain close communication with the US side at various levels," the government said in a statement, before Akazawa spoke.

Reuters
first published: Aug 8, 2025 06:44 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347