18 C
New York
Tuesday, October 26, 2021

Japan auto lobby hopes Trump makes ‘appropriate decision’ on trade

Japan auto lobby hopes Trump makes 'appropriate decision' on trade© Reuters. FILE PHOTO: Newly manufactured cars await export at port in Yokohama

TOKYO (Reuters) – Japan’s auto industry lobby on Thursday called on U.S. President Donald Trump to make an “appropriate decision” on trade rules governing imported vehicles, repeating its stance that Japanese-made cars posed no threat to U.S. national security.

“Introducing import restriction measures would not only negatively affect our U.S. customers, but would also disrupt the operations of U.S. vehicle and auto parts manufacturers as well as auto dealerships,” Akio Toyoda, chairman of the Japan Automobile Manufacturers Association, said in a statement.

“We look forward to President Trump’s understanding and a careful and appropriate decision on his part regarding this matter of critical importance to the U.S. automobile industry and the American people.”

On Sunday, the U.S. Commerce Department sent a report to Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

10,835FansLike
12,893FollowersFollow
756FollowersFollow
- Advertisement -

Latest Articles

Popular Articles