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Japanese Government Minister Says Trump Misunderstands Trade

Posted August 24, 2018

Under Economic Issues, International Trade Issues

(Yuri Kageyama – Associated Press)

President Donald Trump’s tariff policies reflect a serious misunderstanding of the importance of free trade and Japanese companies’ contributions to the U.S. economy, Japan’s trade minister said Thursday.

Hiroshige Seko, the minister of economy, trade and industry, warned in an exclusive interview with The Associated Press that Tokyo might take action if the U.S. fulfills threats to levy a 25 per cent tariff on Japanese auto imports. He gave no details but didn’t rule out retaliatory tariffs.

“Japanese automakers are a major contributor to the American economy,” Seko said in the interview at his ministry office in Tokyo. “If the Japanese auto industry is weakened, it will not be able to invest in the U.S.” Click here to read more.