Japan is contemplating enjoyable vehicle security guidelines for imports as a part of its tariff negotiations with the US, Nikkei Asia reported on Sunday.
Japan has been hit with 24% levies on its exports to the U.S. though these charges have, like most of U.S. President Donald Trump’s tariffs, been paused for 90 days. A ten% common price stays in place, as does a 25% obligation on vehicles, a mainstay of Japan’s export-reliant financial system.
As Japan and the U.S. use completely different security requirements, Tokyo sees room for relieving guidelines on crash exams as a bargaining chip in commerce talks, Nikkei mentioned citing unnamed sources.
With Trump’s commerce offensive roiling markets and stoking recession fears, Japan is looking for to stroll again his “reciprocal” tariffs and different duties imposed on Japan, together with dozens of nations.
Trump touted “massive progress” in tariff talks with Japan on Wednesday, in one of many first rounds of face-to-face negotiations since his barrage of duties on world imports. (Reporting by Mrinmay Dey in Bengaluru; Enhancing by Hugh Lawson and Alistair Bell)
