By: Rick Walker, Vice President, TadeInsights, LCB, CCS

President Trump announced a finalized trade deal with Japan. The trade deal will cut tariffs on Japanese autos to 15%, while opening up the Japanese economy to U.S. cars and trucks, as well as certain agricultural products.

Japan has also agreed to invest $550 billion into the U.S., with 90% of the profits from these investments to remain in the U.S. economy. The reciprocal duties set to take effect on August 1 have also been reduced to 15%.

We will continue to provide updates as they are made available.

Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.