U.S.–Japan Trade Deal Adjusts Auto Tariffs, Alters Global Sourcing Dynamics
On July 22, the U.S. and Japan finalized a trade agreement that lowers tariffs on Japanese vehicles and parts imported into the U.S. from roughly 25% to 15%. The adjustment comes after months of negotiation and removes uncertainty for automakers that had been planning around steeper costs. Direct Implications for Supply Chains Japanese OEMs, most …
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