Mexican Media Brands
Japan-U.S. Agree to Set Framework for Trade Talks
Envoys from Japan and the U.S. agreed earlier today to establish a framework for expanding trade and tariffs talks between the two countries.
#economics
Share
Envoys from Japan and the U.S. agreed earlier today to establish a framework for expanding trade and tariffs talks between the two countries.
President Donald Trump has been pressuring Japan to find ways to reduce its trade deficit with the U.S., which totaled about 7 trillion yen ($62 billion) in 2017. Cars represent more than 70% of the total, The Japan Times says.
Trump has threatened to impose tariffs as great as 25% on vehicles imported by the U.S. from virtually anywhere. The newspaper says Japan has signaled willingness to address American interest in establishing more favorable trade on autos and products.
The report suggests that Japan would be willing to plunge into bilateral negotiations with the U.S. under the assumption that doing so would Japanese vehicles and parts from the threatened levies. Trump and Japan Prime Minister Shinzo Abe are scheduled to meet in New York City on Wednesday to consider next steps.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.