Japan Reiterates It Cannot Accept 25% Car Tariffs From US

Japan’s chief trade negotiator Ryosei Akazawa said the country can’t accept the US’s 25% tariffs on cars, adding that the Asian nation’s automakers produce far more cars in the US than they export to America.

Japanese automakers make roughly 3.3 million cars in the US a year, a number that’s far larger than the 1.37 million that they ship there, Akazawa told reporters on Thursday before leaving for Washington to hold his seventh round of trade negotiations with US counterparts. The companies have invested more than $60 billion in the US and created 2.3 million local jobs, Akazawa said.