A U.S.-Japan trade deal hit a last-minute snag as Japanese officials sought assu...
UNITED NATIONS/WASHINGTON - A U.S.-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, people familiar with the talks said on Monday.
But the limited trade deal is not expected to include changes to tariffs and trade rules governing autos, the biggest source of the $67.6 billion U.S. trade deficit with Japan. Japanese Foreign Ministry spokesman Masato Ohtaka said that Japan still hoped to sign the U.S. trade deal by the end of September and that there was still time to work out remaining issues.
Executives at two automakers briefed on the matter said Japan has expressed concerns about signing a deal without assurances that Trump will refrain from imposing tariffs on Japanese automotive exports as he benefits from Japanese agricultural concessions. Asked about the U.S. threat of added tariffs on Japanese autos, Motegi said: “I think the content will not be something to worry about.”
FILE PHOTO: A worker adjusts the U.S. flag before Japanese Prime Minister Shinzo Abe addresses media following a meeting with President-elect Donald Trump in Manhattan, New York, U.S., November 17, 2016. REUTERS/Andrew Kelly
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