The year 2026 will be a very special year for European consumers. For the first time in more than fifty years, they will be able to buy cars from Japan without being hit with an import tariff. For decades, Japanese imported vehicles were more expensive than necessary in this country because the European Union wanted to protect local car manufacturers from foreign competition with a 10 percent tariff. In the year after next, the last remnants of this tariff hurdle will fall against Japan. The EU and Japan agreed on this in their free trade agreement in 2018.
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