U.S. says Japan has no tariff stacking relief for 15% rate

U.S. President Donald Trump's country-specific tariffs took effect on Thursday, with a White House official saying that Japanese imports will not be given special treatment as Tokyo had believed under a recent bilateral trade deal.In clear contrast to the Japanese government's explanation of the terms of the trade deal, the official, who spoke on condition of anonymity, said the Trump administration's 15 percent tariff rate for Japan will stack on top of pre-existing duty rates applied to imports from the key U.S. ally, unlike in the case of the European Union.The official's confirmation to…READ FULL ARTICLE