In a Fox News interview aired Sunday, Trump criticised the imbalance, noting that while the U.S. imports millions of Japanese vehicles, Japan takes few American-made cars in return:
“They won’t take our cars, and we take millions of theirs. It’s not fair”Japan could import more U.S. oil and other productsJapan is currently trying to secure an exemption from a 25% U.S. auto tariff and avoid a 24% reciprocal tariff due to take effect July 9.
The auto industry makes up roughly 28% of Japan’s ¥21 trillion ($145 billion) in annual exports to the U.S.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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