TOKYO, July 31 (Reuters) - Japan's top trade negotiator
Ryosei Akazawa said it might take some time for U.S. tariffs on
automobiles to be lowered to 15%, public broadcaster NHK
reported on Thursday.
Under a bilateral trade deal clinched with Japan earlier
this month, the U.S. agreed to lower "reciprocal" tariffs on
goods and a levy on automobiles both to 15% from the current
25%.
Speaking to reporters after the government's task-force
meeting on U.S. tariffs, Akazawa said he expects the U.S. to cut
the "reciprocal" tariffs to 15% from Friday as agreed upon by
the two countries, according to NHK.
But he said the cut to tariffs on Japanese automobiles "may
take some time," adding that Tokyo would step up requests for
President Donald Trump to sign an executive order at an early
date, NHK said.
Japan's auto sector accounts for more than a quarter of its
U.S. exports and is a key engine of the fragile economy.