US likely to lower auto tariffs on Japan by mid-September

The Japanese government is continuing to urge the United States to reduce the auto tariffs at an early date, citing their significant impact on the domestic automobile industry.

On Thursday, Toyota Motor Corp. said that the levies are expected to lower its operating profit by 1.4 trillion yen in the year ending in March 2026.

“We want (the lower tariff rate) to go into force as early as possible,” said Akazawa, Japan’s chief negotiator in tariff talks with the United States.