Japanese Trade Minister Eji Muto, at the hour of the first special negotiations with his American colleagues, once again voiced the need to include the country from the tariff campaign of US President Donald Trump. However, behind his words, Tokyo did not reject the unfavorable confirmation of the line.
This is reported by RBC-Ukraine via Bloomberg.
“We asked that Japan should not be subject to tariffs, as the United States voted to do. We explained Japan’s position in light of the influx of Japanese industry and the development of the business environment and expansion Investment and employment are both in Japan and in the United States,” Muto told reporters.
Bloomberg predicts that additional taxes on steel and aluminum are expected to come into force on January 12, and special tariffs have been imposed on 25% of imports of foreign cars, as it turns out, will bring orderliness 2 bereznya. The data adds that the new policy on car imports will have a direct impact on the Japanese economy.
Moreover, Tokyo is preparing for the indirect injection of tariffs that Trump will impose on other countries. So, last year the US President introduced tariffs for Canada and Mexico, and then suspended all activities from them, including taxes on cars, for one month. Trump is also giving back to China. All this is likely to end up in Japan, with some Japanese auto manufacturers selling to Mexico and Canada, and Beijing being one of their most important trading partners.
Continuing his tariff campaign, Trump urged other countries to invest in the United States rather than ship their goods there. Muto said that there was a hostility in him, that Washington is seriously concerned about contributing to Japan's own economy.
“They explained that the United States places great importance on reviving its manufacturing industry and employment security. We decided that further close consultations would be held to see how to achieve a win-win situation for the national interests of Japan and the United States,” he concluded.
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