<h1>US executive order cuts auto and parts tariffs from 25% to 15%, confirms $550B Japanese investment pledge</h1> The Japanese government welcomed the US president's executive order reducing tariffs on automobiles, auto parts and many other imports from 25% to 15%, implementing an agreement reached in July. The two countries' negotiators issued a joint statement confirming a USD 550 billion pledge of Japanese investment in US projects. The order specifies no stacking of rates or reciprocal tariffs for most goods, excludes aircraft and parts from reciprocal tariffs, and addresses an earlier implementation error by agreeing to correct and refund any excess duties. The order is expected to take effect within about two weeks.