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Tags: APFN | AS | Japan | US | Trade | Autos

Japan Govt Welcomes Pact, Automakers Urge More Effort

Japan Govt Welcomes Pact, Automakers Urge More Effort

Wednesday, 25 September 2019 08:37 PM

TOKYO (AP) — Japanese automakers have urged government officials to do more to improve their business environment after their government signed a trade deal with the U.S. that only kept auto tariffs unchanged.

Japanese and U.S. leaders signed a trade agreement that would allow more American imports into Japan and reduce the U.S. trade deficit.

Japanese automakers were hoping to see auto tariffs eliminated, but Japan could only keep them at 2.5% and a promise for no more for now.

Trade Minister Isshu Sugawara invited heads of automakers to a meeting Thursday after the agreement was signed to gain their understanding.

Toyota Motor Co. president Akio Toyoda urged government to do more, citing harsh business environment.

Sugawara said the deal would help assure free and fair trade between the two nations.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Japanese automakers have urged government officials to do more to improve their business environment after their government signed a trade deal with the U.S. that only kept auto tariffs unchanged.Japanese and U.S. leaders signed a trade agreement that would allow more...
APFN,AS,Japan,US,Trade,Autos
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2019-37-25
Wednesday, 25 September 2019 08:37 PM
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