Japan Voices Strong Concern about U.S. Auto Tariffs
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Washington, July 19 (Jiji Press)--Japan expressed strong concerns Thursday about U.S. tariffs on auto and auto parts imports being considered by the administration of President Donald Trump.
The measures "would have a negative impact on the U.S. economy" as well as global trade, Kazutoshi Aikawa, minister at the Japanese embassy in Washington, said at a Commerce Department hearing.
Aikawa cited a study by the Peterson Institute for International Economics, a think tank in Washington, that the tariffs and possible retaliatory measures by other countries might cause the unemployment of about 624,000 workers in the United States. "The U.S. economy as a whole could consequently suffer," he said.
He also said the tariffs "would raise serious questions" as to their compliance with World Trade Organization agreements.
Aikawa also stressed the significance of contributions by Japanese companies to the U.S. economy. "Japanese automakers have been playing a vital role in creating many jobs and supporting the growth of the U.S. manufacturing base through investment," he said.
[Copyright The Jiji Press, Ltd.]