Shigeru Akazawa stated that the United States has acknowledged the error in the presidential decree's tariff rate and will correct it in a timely manner!
Shigeru Akazawa, Japan's trade negotiation representative and Minister in charge of economic revitalization, said that he had held talks with the U.S. regarding the situation where the content of the previous Japan-U.S. agreement was not correctly reflected in the presidential decree, resulting in an additional 15% tariff, and the U.S. agreed to timely revise the content of the presidential decree.
Shigeru Akazawa also confirmed that the new presidential decree will simultaneously include provisions to reduce tariffs on cars and other items.
"Regarding the mutual tariffs, the U.S. issued a presidential decree on internal affairs that did not reflect the Japan-U.S. agreement, and it began to be applied. I feel extremely sorry about this. The U.S. officials also expressed their regret over this procedural mistake by the U.S. side."
"The U.S. side stated that when taking measures to timely amend the presidential decree, they will refund the excess mutual tariffs collected after July 7th that exceed the content of the Japan-U.S. agreement, starting from July 7th, hoping to achieve a retroactive effect."
Regarding the specific time for the revision of the presidential decree, Shigeru Akazawa said: "Since it is an internal matter of the U.S., it will be decided by the U.S. side. However, as a general understanding, there will certainly not be a period of half a year or a year. I understand that the U.S. side will respond quickly within a reasonable timeframe."
Original text: www.toutiao.com/article/1839848597708812/
Statement: This article represents the personal views of the author.