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Japan Sends Trade Negotiation Delegation to Washington, Uncertainty over Auto Imports Grows
The Trump administration has decided to hold off on imposing more "national security" tariffs on automotive imports from the E.U and Japan for the time being. The administration has indicated, however, that it expects both countries to agree to some sort of quantitative restriction on imports in exchange. The E.U. has already rejected the notion, which is a clear violation of all three countries' World Trade Organization obligations.
Japan, for its part, is sending a delegation to Washington this week in an attempt to find a solution. The U.S. is hoping for a quickly resolved agreement with Japan to boost U.S. agricultural exports to Japan in an attempt to support beleaguered U.S. farmers. The U.S. agriculture sector has suffered significant losses over the last year due to China's trade retaliation and recent bouts of heavy flooding. Japan, meanwhile, wants the U.S. to lower tariffs on automotive and automotive part imports. President Trump is loathe to comply, so the negotiations might quickly draw to an unsuccessful end.
For more information, please contact
Eric Heath
, Senior Policy Counsel for the Mississippi River Basin Program at the Northeast-Midwest Institute
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