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Detroit Has Little to Gain from Free Trade with Japan

Posted May 04, 2015

Under Economic Issues, International Trade Issues

(Hans Greimel – Automotive News)

With Japanese Prime Minister Shinzo Abe in Washington to meet President Barack Obama and address Congress last week, automakers were watching for signs of progress toward a controversial free-trade pact.

The U.S. carmakers, in particular, were watching nervously – and rightly so.

The Detroit 3 have little to gain by having Japan in the deal, even if the U.S. wins auto import concessions from Tokyo.

The U.S. is leading the push to create the so-called Trans-Pacific Partnership, a free-trade agreement among 12 Pacific Rim nations. But autos remain a stubborn sticking point between the group's anchor economies: the U.S. and Japan. Click here to read more.