On Thursday (local time), U.S. President Trump put pen to paper on an executive order, formally ushering in the U.S.-Japan trade agreement. As per the terms of this agreement, the United States is set to levy a standard tariff rate of 15% on a vast array of Japanese imports, encompassing Japanese automobiles and their associated parts. Furthermore, both nations are actively engaged in follow-up negotiations, aiming to iron out discrepancies concerning the finer points of the framework trade agreement that was unveiled on July 22.
