Market news: The United States is working with Japan to finalize an announcement to end tariff stacking, which is understood to clarify that the 15% "reciprocal tariff" rate facing Japan covers the existing most-favored-nation rate.
Speaking after talks in Washington, Mr. Akasawa said the US had confirmed it would remove the blanket tariff stack on Japan and reduce auto tariffs as promised, providing more certainty to a trade deal reached last month but a timetable for implementation remains to be finalised