On September 4 local time, the White House announced that Trump signed an executive order to formally implement the U.S.-Japan Trade Agreement. According to the agreement, the United States will impose a 15% baseline tariff on almost all Japanese goods exported to the U.S., while applying differentiated tariff treatments to the following specific sectors: automobiles and auto parts, aerospace products, generic drugs, and natural resources that cannot be naturally obtained or produced domestically in the U.S.

This new tariff framework, combined with the expansion of U.S. exports and an investment-driven production model, will help reduce the U.S. trade deficit with Japan and promote a more balanced overall trade situation for the United States.

Meanwhile, Japan will provide breakthrough market access opportunities in key areas for U.S. manufacturers in sectors such as manufacturing, aerospace, agriculture, food, energy, automobiles, and industrial finished products.

Specifically, the Japanese government is committed to accelerating the implementation of the following measures: increasing the procurement of U.S. rice by 75% under the "Minimum Market Access" rice program; purchasing $8 billion worth of U.S. agricultural products annually, including corn, soybeans, fertilizer, bioethanol, and other U.S. products. The Japanese government will also facilitate the sale of U.S.-manufactured passenger cars that meet U.S. safety certification standards in the Japanese market without requiring additional testing. Additionally, Japan will procure U.S.-manufactured commercial aircraft and U.S. defense equipment.