President Trump signs new executive order imposing reciprocal tariffs on Japanese goods, raising them from 10% to 15%. Tariffs will take effect in seven days.

President Trump of the United States signed an executive order on July 31st to impose new mutual tariffs. The tariffs on Japan will increase from 10% to 15% and will take effect in seven days. Initially, Trump had announced a 25% tariff starting August 1st, but after discussions between the U.S. and Japan, they agreed on a 15% tariff instead.