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US will not seek auto import cap from Japan in trade deal - Mr Motegi

Auto News - Published on Fri, 17 May 2019

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Mainichi Japan reported that Japan's top trade negotiator said he has been assured the United States will not seek a cap on its automobile imports in a bilateral trade deal. Mr Toshimitsu Motegi, minister for economic and fiscal policy, told a press conference that he had confirmed the point with US Trade Representative Robert Lighthizer.

The exclusion of an auto cap would be a relief for Japanese automakers who have come under pressure as President Donald Trump has been pressing for a reduction in the US trade deficit with Japan.

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Posted By : Rabi Wangkhem on Fri, 17 May 2019
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