Japan will press US to execute auto tariff cut, Akazawa says — TradingView News

Japan will continue to push the U.S. to implement an agreed-upon cut to automobile and auto parts tariffs to 15% from 25%, its top trade negotiator Ryosei Akazawa said on Friday.

U.S. tariffs will weigh on Japan’s economy through reduced exports and slowing global growth, Akazawa told a press conference.

But Japan may also gain a competitive advantage if U.S. tariffs imposed on its goods are lower than those Washington puts on other countries, he said.