(FLAX)

Japan's tariff negotiator said the US would revise tariffs on Japanese goods by September 16. In an X post, he said there would be a reduction in Japanese automobile tariffs.

U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan's tariff negotiator Ryosei Akazawa said in an X post on Tuesday.

“This is a massive agreement — a great deal for everybody,” Trump boasted when the pact was first announced.

President Donald Trump gave Japanese automakers some relief by cutting his high U.S. tariffs on their vehicles, but the reduced levies still mean big pain for Japan's smaller car companies, which will...

CNBC's Megan Cassella reports on an executive order President Trump signed on Thursday that implements a baseline 15% tariff on nearly all imports from Japan.