US President Donald Trump threatens Japan with a 30-35% duties if no agreement between the two countries is reached by July 9.
On April 2, Trump’s so -called “Day of Liberation” were imposed on Japan duties of 24%. Then duties for most countries declined to 10% for 90 days to give time for trade negotiations.
The deadline given by Trump expires next weekwith the US president also clarifying how is not intended to extend the deadline.
“We have dealt with Japan. I’m not sure we will come up with an agreement, I doubt it. “ Trump typically told reporters from Air Force One on Tuesday.
As in many other countries, most of Japan’s exports to the US have 10% dutieswhile also a 25% import tax on Japanese vehicles and spare partswhile the steel and aluminum are subject to 50%duty.
At the same time, Japanese government spokesman Yoimasa Hayai said that will not make concessions They could harm the farmers of his country, simply to reach an agreement with Washington. These statements came after Trump’s criticism of countries on Japanese rice imports. “To show people how poorly the countries have become in relation to the US, and I have great respect for Japan, they do not take our rice while they have a huge lack of rice,” wrote on Truth Social.
As BBC points out, Trump had initially stated that he would sign 90 commercial agreementsbut has only entered into agreement with the United Kingdom.
Source :Skai
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