The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.

The recent trade agreement between the Trump administration and Japan, imposing a 15% tariff on most Japanese imports, has sparked significant opposition from major U.S. automakers. Industry leaders argue this move grants an 'unfair advantage' to Japanese car manufacturers,

Shares of General Motors , Ford Motor , and Jeep-maker Stellantis , some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on imported Japanese cars,