Key conditions in Japan-U.S. tariff negotiations: U.S. reduction of car tariffs becomes prerequisite for agreement

Kyodo News: Japan says the US lowering car tariffs is an important condition for reaching a Japan-US tariff agreement

Kyodo News reported on July 8 that on August 8, Japanese Minister of Economic Revitalization Akizawa Ryohei stated at a press conference regarding the Japan-US tariff negotiations, "There are areas where both sides have not reached a compromise." He emphasized that the US lowering the additional tariffs on Japanese cars would be a prerequisite for reaching an agreement, and pointed out, "As the automotive industry is a key industry in Japan, if Japan and the US cannot reach a consensus on this issue, it is impossible to reach a comprehensive agreement."

　　Akizawa revealed that he had held a 40-minute phone conversation with US Trade Representative Lutnick on the afternoon of August 8, and both sides agreed to continue consultations on this matter in the future.

Original article: https://www.toutiao.com/article/1837108677517323/

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