Japanese Prime Minister Shinzo Abe warned the U. S. on Friday that higher tariffs on auto imports would backfire and harm not only America’s jobs and economy but also devastate the global economy. Abe told a news conference marking the end of a Diet session that Japan’s auto
Japanese Prime Minister Shinzo Abe warned the U. S. on Friday that higher tariffs on auto imports would backfire and harm not only America’s jobs and economy but also devastate the global economy.
Abe told a news conference marking the end of a Diet session that Japan’s auto and auto parts industry has never threatened America’s national security and it never will. Abe said he will keep explaining that to Trump.
Trump has ordered the U. S. government to investigate if higher tariffs on foreign-made vehicles and auto parts are justified on national security grounds.
Japan’s auto industry has for decades invested billions of dollars in U. S. plants that employ hundreds of thousands of workers. Japanese automakers produce twice as many vehicles in the U. S. as they export from Japan, Abe said.