WASHINGTON/TOKYO — U.S. President Donald Trump signed an order on Thursday to implement the lower tariffs on Japanese automobile imports and other products that were announced in July. Formalizing the agreement between the U.S. and a key Asian ally comes after months of negotiations, reduces uncertainty for the massive Japanese auto sector and confirms an agreement for $550 billion of Japanese investment in U.S. projects. The lower tariffs on Japanese autos are set to take effect seven days after publication of the order. Some of the tariff relief is retroactive to August 7. Trump’s order also means a reduced U.S. tariff rate on Japanese cars, from the current 27.5 percent to 15 percent, is set to take effect by the end of this month, Reuters reported earlier, citing a Japanese government source. Trump’s levies on global shipments have hit Japanese carmakers hard. Last month, Toyota said it expected a hit of nearly $10 billion from Trump’s tariffs on cars imported into the United States. “Finally,” Ryosei Akazawa, Japan’s top trade negotiator, posted to X, in a nod to the months-long tr
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