TOKYO -- The new Japan-U.S. trade deal reduces the tariff burden on Japan's seven big automakers by an estimated 1.6 trillion yen ($10.9 billion), but the 15% duties they now face -- while down from the 27.5% imposed earlier this year -- remain far higher than the 2.5% they saw before President Donald Trump started imposing new tariffs.
Trump tariffs
Japan-US trade deal could lessen impact on Japanese automakers by $11bn
New 15% tariffs may be low enough for companies to absorb, analyst says
Some automakers, including Honda, are moving production of some vehicles from Japan to the U.S. to mitigate the impact of tariffs. © Reuters
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