Trump's lowered 15% tariff on Japanese autos goes into effect

U.S. President Donald Trump's lowered 15 percent tariff on automobiles from Japan took effect Tuesday about five months after his aggressive trade approach began to take a toll on the industrial backbone of one of Washington's key allies.After Trump imposed an additional auto tariff on national security grounds in April, the U.S. tariff rate for foreign-origin cars rose from 2.5 percent to 27.5 percent, squeezing the margins of Japanese automakers and other manufacturers.The reduced tariff is part of a trade deal the Trump administration struck on July 22 with Japan, which in return has com…READ FULL ARTICLE