After talks … new Japanese conditions regarding American customs duties

After new talks, the Japanese negotiator on US customs duties confirmed that any agreement with the United States necessarily requires a comprehensive review of the measures connected to.
Since the beginning of April, Japan, similar to other countries, has faced 10% American customs duties, as well as an additional fee of 25% on cars and steel.

American customs duties on Japan

Cars represent about 30% of
Japan also faces a threat to impose additional 24% fees on all its exports, according to the principle of “reciprocity”.
These fees have been suspended until early July, and a 10%tax is currently imposed.

The effect of Trump’s customs duties on Japan

The negotiator, Riosi Akazawa, explained, after returning to Japan, that the two sides “made progress” in their talks, but Tokyo rejected the idea of ​​a partial agreement.
“We have informed them that customs agreements are in their entirety and we stressed the need to review them,” said Acazawa, who holds the position of Minister of Economic Recovery.
“If this request is not taken into account in a comprehensive agreement, there will be no opportunity to understand,” he added.