But just to reiterate this Japan deal, for those at home who may have missed it, Japan will now pay a 15% tariff versus the reciprocal rate of 24% that they initially had. Auto and auto parts tariffs have been reduced to 15%. But the centerpiece of this deal now is the president got Japan to commit to $550 billion in investments to revitalize American industries. (41:15–41:20)
CLAIM
Asserts that tariffs on auto and auto parts have been reduced to 15%.
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