The US is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods, a senior Trump administration official said Friday.

The U.S. government on Thursday promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, Tokyo's trade negotiator said, after talks in Washington to fix what he called a "regrettable" oversight.

According to World Bank data, the previous tariff rate on goods imported from Japan was around 2%. While the new rate of 15% is lower than President Donald Trump’s previously proposed 25% rate, the cost of Japanese automobiles could still rise.