Japan's tariff negotiator says the US's reciprocal tariffs will be lowered by next week

Group 1 - Japan's tariff negotiator announced that US tariffs on Japanese goods will be reduced, including those on automobiles and automotive parts [1] - In July, President Trump initially imposed a 25% tariff on Japanese goods, which was later reduced to 15% due to Japan's commitment to invest $550 billion in the US [2] - An executive order from Trump in September stated that Japan would provide American producers in various sectors with improved market access in exchange for the tariff reduction [3]