EO 14345
Implementing the United States-Japan Agreement
Economy & TradeNational SecurityForeign Policy
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Summary
This executive order implements a trade agreement between the United States and Japan, establishing a baseline 15% tariff on most Japanese imports while providing Japan with increased market access to U.S. agricultural, aerospace, automotive, and energy products. The agreement includes $550 billion in Japanese investments in the United States and aims to reduce the U.S. trade deficit with Japan.
Key Points
- 1Establishes a 15% baseline tariff on nearly all Japanese imports, with sector-specific treatment for automobiles, aerospace products, pharmaceuticals, and natural resources
- 2Japan commits to increase U.S. rice procurements by 75%, purchase $8 billion annually in U.S. agricultural and manufactured goods, accept U.S.-certified vehicles without additional testing, and purchase U.S. commercial aircraft and defense equipment
- 3Japan will invest $550 billion in the United States, selected by the U.S. Government, intended to create hundreds of thousands of jobs and expand domestic manufacturing
- 4The order invokes national security authorities and references a previously declared national emergency related to trade deficits and tariff policies
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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