Prime Minister Ishiba held press conference September 5, 2025 following President Trump signing executive order on Japan tariff reductions. Government prioritized earliest possible US tariff reduction since July 22 bilateral agreement. Executive order establishes reciprocal tariffs retroactive to August 7: existing tariffs 15%+ exempt, under 15% products subject to 15% total including existing rates. Auto/auto parts tariffs reduced from 25% to 15% total. Semiconductors/pharmaceuticals ensured no disadvantage versus EU, aircraft/aircraft parts exempt from all tariffs. Simultaneously created billion investment initiative MOU with Commerce Secretary Ratnik and joint statement reaffirming commitments. PM sent letter to President Trump proposing to build golden age of Japan-US relations and inviting presidential visit. Government maintains 1,000 special consultation centers nationwide for SME financing support to minimize economic and employment impacts.
PM Ishiba Press Conference on US Tariff Reduction Presidential Executive Order - Auto Tariffs 25%→15%
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