On September 4, President Trump formalized a trade agreement with Japan, establishing a 15% tariff on most imports from the country, aligning with a previously announced framework. The deal also includes various sector-specific tariff treatments for the automotive, aerospace, and agriculture industries, allowing certain products to be exempt from tariffs. Notably, Japan committed to increasing U.S. rice imports by 75% and purchasing $8 billion in agricultural goods annually. This agreement aims to reduce the U.S. trade deficit with Japan, which was $68 billion in 2024.

Source: https://www.supplychaindive.com/news/us-enacts-japan-tariff-deal/759346/