key takeaways
- The Japanese government secured an executive order from the Trump administration that will reduce tariffs on Japan’s exports – including automobiles – to 15% as agreed to in July.
- However, securing the tariff reduction also required Japan’s accepting a written memo outlining the terms by which Japan will provide up to USD 550bn in investment in the United States.
- The US and Japanese governments have continued to characterize the investment framework in different terms, and there is enough ambiguity in the framework that the two governments could clash over its implementation.
Japan Foresight 