Trump Denies New Tariffs on Japan Autos "At This Moment"
Washington, Aug. 26 (Jiji Press)--U.S. President Donald Trump, visiting France for a Group of Seven summit, said Monday he is "not at this moment" considering imposing additional automotive tariffs envisioned for national security reasons on imports from Japan.
The comment came after the United States reached a basic accord with Japan on a proposed bilateral trade pact on Sunday.
At the same time, Trump, speaking in press conference in Biarritz, France, after the G-7 summit ended Monday, expressed his discontent with the United States' massive trade deficit with Japan and hinted at the possibility of introducing the extra duties on Japanese cars in the future.
"Japan has had a tremendous trade surplus, imbalance with the United States for many, many years," he said. "We're taking these horrible, one-sided, stupid trade deals."
The president said Japan accepted the basic trade accord with the United States partly because the Asian country wanted to escape the additional U.S. auto tariffs. He apparently tried to highlight that his negotiating tactic of winning concessions by threatening to introduce high tariffs proved successful.
[Copyright The Jiji Press, Ltd.]