Trump signs order to bring lower Japanese auto tariffs into effect

New vehicles from the Japanese auto makers Subaru and Honda are seen at a parking lot in the Port of Richmond. REUTERS/Carlos Barria

WASHINGTON/TOKYO: U.S. President Donald Trump signed an order on Thursday to implement the lower tariffs on Japanese automobile imports and other products that were announced in July.

Formalizing the agreement between the U.S. and a key Asian ally comes after months of negotiations, reduces uncertainty for the massive Japanese auto sector and confirms an agreement for $550 billion of Japanese investment in U.S. projects.