In tariff talks with the U.S., Japan may have blinked

In tariff talks with the U.S., Japan may have blinked

Qries


Japan might have softened its stance in tariff negotiations with the United States, backing off from its insistence that all new tariffs be removed, according to a Friday report by the Asahi Shimbun.The report indicates that Japan is instead suggesting a mechanism in which the U.S. lowers the rate on automobiles based on a country’s contribution to the American auto industry — something the report claims Japan has been considering since the early stages of the negotiations.Japan has so far maintained a hard-line stance — at least publicly — in demanding that the administration of President Donald Trump remove all tariffs it has imposed since March, including 25% on auto and auto parts, 50% on steel and aluminum and 10% baseline duty on almost all other imports.

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