{"id":327591,"date":"2025-08-08T10:09:16","date_gmt":"2025-08-08T10:09:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/327591\/"},"modified":"2025-08-08T10:09:16","modified_gmt":"2025-08-08T10:09:16","slug":"japan-says-us-promises-to-fix-double-tariff-oversight","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/327591\/","title":{"rendered":"Japan says US promises to fix double tariff oversight"},"content":{"rendered":"<p>TOKYO: The US government on Thursday (Aug 7) promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, Tokyo&#8217;s trade negotiator said, after talks in Washington to fix what he called a &#8220;regrettable&#8221; oversight.<\/p>\n<p>In those discussions, Ryosei Akazawa urged US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to ensure that a 15 per cent levy agreed last month on Japanese imports was not stacked on goods, such as beef, that are subject to higher tariffs.<\/p>\n<p>They explained they would amend a Jul 31 presidential order, which included a no-stacking provision for the European Union but not Japan, and also refund excess duties collected, Akazawa said.<\/p>\n<p>Lutnick and Bessent also said Trump would lower <a href=\"https:\/\/www.channelnewsasia.com\/business\/japan-urges-us-swiftly-implement-auto-tariff-cut-5281621\" target=\"_blank\" rel=\"noopener\">auto tariffs<\/a> to 15 per cent from 27.5 per cent in a separate executive order, in line with the trade agreement reached by the two countries last month.<\/p>\n<p>&#8220;Frankly, I did not expect to be visiting the US again so soon after my last trip,&#8221; said Akazawa, who has travelled to Washington nine times since April.<\/p>\n<p>The US Treasury and Commerce Department did not immediately respond to requests for comment on the meetings with Akazawa.<\/p>\n<p>Clarity on the tariff changes, along with strong corporate earnings, pushed Japan\u2019s broad Topix index above the key 3,000-point mark for the first time.<\/p>\n<p>Reports about the amendment &#8220;calmed fears over U.S. tariffs and helped drive the market higher&#8221;, said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO: The US government on Thursday (Aug 7) promised to amend a presidential executive order to remove overlapping&hellip;\n","protected":false},"author":2,"featured_media":327592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[2122,49,978,2612,659],"class_list":{"0":"post-327591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-japan","9":"tag-united-states","10":"tag-us","11":"tag-us-tariffs","12":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114992603152978382","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/327591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=327591"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/327591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/327592"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=327591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=327591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=327591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}