TOKYO — Japan is working on a framework to monitor progress on implementing its tariff agreement with the U.S., as the Trump administration says it may raise tariffs again if it deems Tokyo has not made enough headway on purchasing and investment commitments.
The two sides agreed last week to lower “reciprocal” U.S. tariffs on Japanese goods to 15% from the planned 25%, and total import duties on autos from 27.5% to 15%.
