Japanese newspaper says U.S. to vow to keep tariffs level on Japanese cars
The Tokyo Shimbun newspaper reported on Monday that the United States will vow not to impose additional tariffs or implement trade curbs to import quotas on Japanese cars as leaders of the two nations are set to meet next week.
The newspaper explained that the agreement would be part of the joint leaders’ statement on trade. This will be made known in public after Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump meet in New York next week.
The trade that is set to take place between Japan and the U.S. was a product of an agreement made last month during the G7 Summit.
The trade deal between the two includes Tokyo opening its agricultural sector on imported goods from the U.S. In return, Washington would not raise tariffs on Japanese cars.
If the trade agreement pushes through, it would lessen the conflict between the two countries.