Trump’s new order cuts US tariffs on Japanese cars.

US – Japan – (Special Correspondent / Web Desk) – U.S. President Donald Trump has signed an order to lower taxes on cars imported from Japan. This move finalizes a deal first agreed upon in July, giving a boost to Japan’s economy. The new rules will start just one week after the order is officially published.

The agreement ends months of talks that had created uncertainty for Japanese car companies. It also locks in a plan for Japan to invest a huge sum of $550 billion in U.S. projects. The tax on most Japanese cars will drop significantly, from 27.5% down to 15%.

This change is backdated to early August. The order also ensures that these new, lower taxes will not be added on top of existing taxes for certain goods like beef. In a win for trade, the deal promises no new taxes on commercial airplanes and their parts.

Pakistan thrash UAE by 31 as Fakhar and Abrar dominate

These tax cuts are a major relief for Japanese automakers like Toyota, who had feared much higher costs. A top Japanese trade official expressed relief, calling the signed order a “steady implementation” of their summer agreement.

Meanwhile, another key U.S. trade partner, South Korea, is still waiting for its similar deal to be finalized. As part of the wide-ranging agreement, Japan has also promised to buy more American farm products like rice, corn, and soybeans.

Additionally, Japan will purchase 100 Boeing airplanes and increase its spending on U.S. defense equipment. The deal includes a massive $550 billion investment package from Japan into the United States, which will fund projects chosen by the U.S. government.

The order states that the U.S. can change the terms if Japan does not meet its promises. This trade victory comes at a critical time for Japan’s Prime Minister, Shigeru Ishiba, who faces political challenges at home.