Japan says 'regrettable' not exempt from US steel tariffs ...Middle East

News by : (Daily Sun) -

Asked if Japan was considering retaliatory measures, top government spokesman Yoshimasa Hayashi said the two nations would continue to discuss details of the duties, which came into force at midnight US time (0400 GMT Wednesday).

“That Japan was not excluded from the imposition of additional tariffs is regrettable,“ he said.

“Imports of Japanese steel and aluminium products won’t harm US national security, but rather, our high-quality products are difficult to replace and essential to strengthening the competitiveness of the US manufacturing industry,“ Hayashi added.

“During Minister Muto’s US trip, Washington expressed its position that it considers its relationships with Japan a priority, and that Japan's investment in the United States as well as the role it plays in the US economy such as through employment are valued,“ Hayashi said.

However, “tariffs on automobiles will have a significant impact”, especially since many Japanese companies have expanded into Mexico and Canada, and are exporting to the United States from there.

Japan is home to the world's top-selling carmaker Toyota, and the health of the auto industry impacts many sectors, from parts manufacturing to steel and microchips.

Of the country's 21.3 trillion yen ($145 billion) of US-bound exports in 2024, cars and other vehicles accounted for roughly a third.

Read More Details
Finally We wish PressBee provided you with enough information of ( Japan says 'regrettable' not exempt from US steel tariffs )

Also on site :

Most Viewed News
جديد الاخبار