US, Japan Working to Announce Reciprocal Tariffs Won’t Stack (1)

The US is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods, a senior Trump administration official said Friday.

The plans, detailed on the condition of anonymity, would resolve prolonged confusion over how US President Donald Trump intended to impose levies on a key trading partner after striking a deal, and match public comments made by Ryosei Akazawa, Tokyo’s top trade negotiator, after a meeting on Thursday with his counterparts in Washington.

The announcement, which could take the form of a joint statement from the two countries, would clarify that Japan — ...