Japan Proposes Tax Reduction Plan Instead of Full Auto Tariff Elimination by US

Published: Jun 6, 2025 18:31

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【Japan No Longer Demands the US to Fully Eliminate Auto Tariffs, Proposes a Tax Reduction Plan】According to Japan's Asahi Shimbun, Japan no longer demands the US to fully eliminate the 25% auto tariffs but has proposed a tax reduction mechanism based on the contributions of various countries to the US automotive industry. Under Japan's latest proposal, the US will reduce auto tariffs based on factors such as the number of vehicles produced by Japanese automakers in the US and the number of vehicles exported from the US to other markets.

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