Lawmakers Say U.S.-Japan Auto Deal Is Inadequate for Trade Pact
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Lawmakers from states with auto factories and an association of U.S. carmakers expressed opposition to a deal with Japan to reduce vehicle tariffs and enable the Asian nation to join Pacific-region trade talks.
The U.S. and Japan, the world’s first- and third-largest economies, yesterday announced the deal, a step toward Japan joining 11 nations forging the Trans-Pacific Partnership free-trade region. With Japan included, it would create a trading area worth about $26 trillion, the largest in history.