Tag Archives: trade sanctions

US threats on the Japanese Car Industry


 

“US President Donald Trump wasted no time after the results of the midterm elections to step up the pressure on another long-term trade and security partner, criticising Tokyo for treating the United States unfairly on trade and hinting he will go ahead with a plan to impose tariffs on imported Japanese cars.

Japan and the US are expected to open negotiations on a bilateral trade agreement in the early part of next year, with the Trump administration expected to push hard for increased market access for vehicles and the agriculture sector.

The president has previously suggested he is prepared to impose a 25 per cent tariff on imports of Japanese cars, which would cripple manufacturers.” (South China Morning Post)

More info from:

https://www.scmp.com/week-asia/politics/article/2172312/spurned-midterms-trump-turns-sights-japanese-car-firms

 

Advertisements

%d bloggers like this: