Trump signs order to lower US tariffs on Japan autos to 15%

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Donald Trump, the US President, signed an order. This order lowers tariffs on Japanese autos. Japanese autos will now face a 15-percent tariff. Earlier, it was 27.5 percent. Many other goods will also have a 15-percent cap. This is a win for Japan. The changes apply retroactively to goods shipped from August 7.