Tags: Obama | automobile | tariffs | Japan

Lawmakers Urge Obama to Keep Auto Tariffs on Japan

Thursday, 14 Mar 2013 01:59 PM

A group of Democratic lawmakers on Thursday urged President Barack Obama to insist on keeping a 2.5 percent tariff on Japanese autos and a 25 percent tariff on Japanese trucks if the United States and Japan enter into free trade talks.

"In an industry with razor-thin profit margins, the elimination of the 2.5 percent car tariff (as well as the 25 percent truck tariff) would be a major benefit to Japan without any gain for a vital American industry," the lawmakers said in a letter to Obama.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Markets
A group of Democratic lawmakers on Thursday urged President Barack Obama to insist on keeping a 2.5 percent tariff on Japanese autos and a 25 percent tariff on Japanese trucks if the United States and Japan enter into free trade talks.
Obama,automobile,tariffs,Japan
87
2013-59-14
Thursday, 14 Mar 2013 01:59 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved