Japan, Trump and automakers
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A US-Japan trade agreement, capping auto and goods tariffs at 15%, is setting a new standard for global trade negotiations. Economists believe this benchmark could influence ongoing talks with the EU and China,
Toyota Motor Corp. said it hopes for improved ties between the US and Japan, going as far as to call for further tariff reductions a day after President Donald Trump announced a much-awaited trade pact with the island nation.
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Greater Kashmir on MSNUS automakers say Trump's Japan tariff deal puts them at a disadvantageUS automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.