Menu

Search

  |   Politics

Menu

  |   Politics

Search

Japan Urges U.S. to Exempt Auto Tariffs Amid Economic Concerns

Japan Urges U.S. to Exempt Auto Tariffs Amid Economic Concerns. Source: Takashi Aoyama / POOL / EPA

Japanese Prime Minister Shigeru Ishiba reaffirmed Japan’s strong push for the United States to exempt the country from new auto tariffs, warning of serious economic consequences. Speaking at a press conference in Tokyo on April 1, Ishiba emphasized that Japan will continue to lobby Washington to avoid the proposed 25% tariff on automobile imports.

The tariff, announced last week by U.S. President Donald Trump, has raised concerns about its impact on Japan’s export-driven economy. Ishiba noted that such levies could significantly hurt Japanese manufacturers and employment. “The government will negotiate with the ruling coalition at an early date specific measures we can take to respond,” he said, adding that Tokyo is prepared to introduce support measures if necessary.

To cushion the potential economic blow, the Japanese government is considering offering financial aid to small and medium-sized firms that may be hit hardest by the tariffs. Ishiba stressed that the administration would take timely and effective steps to protect domestic businesses and jobs.

President Trump has also announced plans to impose reciprocal tariffs on all countries, further escalating global trade tensions. The auto industry remains a critical part of Japan’s economy, and increased tariffs could disrupt supply chains and reduce competitiveness in the global market.

As Japan braces for further developments, Ishiba’s administration is focusing on diplomatic efforts and internal support measures to mitigate the potential fallout from heightened U.S. trade restrictions. With negotiations ongoing, Japan hopes to secure an exemption to protect one of its most vital industries and maintain stable economic growth.

FastComments.com
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.