Japan says no rift with U.S. on reciprocal tariff deal

Prime Minister Shigeru Ishiba said there is "no discrepancy" in the shared understanding of an agreement with the United States regarding how a so-called reciprocal tariff should be applied, with the 15 percent levy taking effect Thursday.Japan insists that U.S.-bound Japanese products already taxed at 15 percent or higher will retain their existing rates. However, a White House official indicated Wednesday that the "reciprocal" duty would come on top of the established rates.An executive order signed earlier by U.S. President Donald Trump made no mention of the no-stacking treatment Japane…READ FULL ARTICLE