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TMI BlogJapan's trade minister fails to win US assurances on tariff exemptionsX X X X Extracts X X X X X X X X Extracts X X X X ..... Japan's trade minister fails to win US assurances on tariff exemptions X X X X Extracts X X X X X X X X Extracts X X X X ..... of Japanese exports including cars, steel and aluminum. Muto said Monday in Washington that Japan, which contributes to the US economy by heavily investing and creating jobs in the United States, “should not be subject to” 25% tariffs on steel, aluminum and auto exports to America. His meetings with US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House eco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nomic advisor Kevin Hassett came just two days before the steel and aluminum tariffs are due to take effect. President Donald Trump has also said a possible 25% tariff on imported foreign autos could take effect in early April. Muto said the US officials acknowledged Japanese contributions and agreed to continue talks, but did not approve his request for Japan's exemption from the steep import du ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties. “We did not receive a response that Japan will be exempt,” Muto told reporters. “We must continue to assert our position.” As Trump's tariff threats have triggered tensions and vows of retaliation from Canada, Mexico and China, Japan has been working to firm up ties with other countries. Last week, the foreign and trade ministers from Japan and Britain gathered in Tokyo for their first “t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wo-plus-two” economic dialogue. They agreed to stand up for “fair, rules-based international trade,” though nobody directly mentioned Trump. Japan depends heavily on exports and the auto tariffs would hurt, because vehicles are its biggest export and the United States is their top destination. “Clearly companies in Japan are very concerned,” said Rintaro Nishimura, political analyst and associat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e at Japan Practice of The Asia Group. “Obviously the auto is the crown jewel for Japan, especially in the context of these tariffs." He says they are concerned also because the Trump administration is carrying it out in just two months after taking office. Trump also has criticized Japan's contributions to the two countries' mutual defense arrangements, adding to tensions with Tokyo. Muto said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the two sides agreed to keep discussing to find ways to establish a “win-win” relationship that would serve national interests of both countries.
The two sides also discussed energy cooperation, including joint development of liquefied natural gas reserves in Alaska, which Trump and Prime Minister Shigeru Ishiba agreed on during Ishiba's visit to the White House in February. (AP) AMS X X X X Extracts X X X X X X X X Extracts X X X X ..... ress release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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