Japan: US finds it difficult to grant Japan tariff exemptions and other special treatments
The second round of ministerial-level tariff negotiations between Japan and the United States was held in Washington on May 2 [in Japanese time]. Discussions focused on the Trump administration's high tariff policy. According to sources within the Japanese government, the US found it difficult to grant Japan tariff exemptions and other special treatments. Japan did not accept the US proposal. Both parties agreed to concentrate on holding ministerial meetings after mid-May.
Kyodo News reported that Japan believed that the US might not want to negotiate issues such as the tariffs imposed on automobiles and steel, as well as the 10% "reciprocal tariff" levied on most countries and regions.
The US Trump administration began imposing a 25% tariff on major automotive parts such as engines and transmissions at dawn on March 3 [afternoon on March 3 in Japan time]. This is one of the important export categories for Japan to the US, which will impact Japanese companies. However, the US government, considering that most of the components for American automakers are manufactured overseas, has set a two-year tax reduction period targeting vehicles produced in the US.
Original article: https://www.toutiao.com/article/1831110047829056/
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