Help Desk -
9717405332, 9599714297, 9810335381

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

Auto News - Published on Fri, 17 May 2019

Image Source: Wikipedia
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.

Source :

Posted By : Rabi Wangkhem on Fri, 17 May 2019
Related News from Auto segment