Japan, US reach deal on 15% auto, 'reciprocal' tariffs: PM
Speaking to reporters, Ishiba said Japan will also increase rice imports from the United States within what is known as a "minimum access" quota. But he emphasized that Japan made no concessions that would undermine the country's agricultural sector.
The agreement came after Japan's chief negotiator Ryosei Akazawa held another round of tariff talks in Washington. Trump imposed a 25 percent levy on cars from Japan and other countries, and threatened to introduce a country-specific 25 percent "reciprocal" tariff on Japan from Aug. 1.
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