United States may agree for “No tariffs rise on Japanese Cars”

Reader's Pick

The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country’s leaders meet next week, the Tokyo Shimbun newspaper reported on Monday.

The newspaper said the pledge would be part of a joint leaders’ statement on trade that is due to be released following a meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe next week in New York.

Washington and Tokyo agreed to the core elements of a trade deal last month on the sidelines of a Group of Seven Summit, with Trump and Abe saying they hoped to sign an agreement this month.

- Advertisement -

As part of the limited trade deal, Tokyo would make concessions on agricultural imports from the United States while Washington would refrain from raising tariffs on Japanese cars as Trump had threatened to do earlier.

The agreement, if finalized, would lessen trade frictions between the two allies at a time when the United States is locked in a trade war with China.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sought...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi...

Jack Dorsey may not appear before Indian parliamentary Panel on 25 February

Twitter CEO Jack Dorsey will not appear before the Parliamentary panel on IT on...

What is the Future of Newspapers in this Digital Age?

The advent of the Internet has revolutionized the way to consume information. This revolution...

The benefits of chatbots in healthcare

The Pandemic has made significant improvements to healthcare services. Industry professionals had to switch...

AdmitKard draws Rs 10 Cr in Pre-Series A round from a clutch of investors

India-based edtech startup AdmitKard has announced that "It has raised Rs 10 crore in...

5 Things To Know Before Investing In Cardano

Cardano has been a popular choice for crypto investors because of its many attributes....

5 Reasons Learning & Development Is Vital In The Workplace

In today's business climate, developing your employees has become a top priority for employers....

Jack Dorsey may not appear before Indian parliamentary Panel on 25 February

Twitter CEO Jack Dorsey will not appear before the Parliamentary panel on IT on...

An interview with SecureKloud Technologies CTO Raj Srinivasaraghavan

Speaking to TechGraph, Raj Srinivasaraghavan, CTO, SecureKloud Technologies said, “Technology partnership has been one...

Fullerton India secures Rs 2,795 crore via ECB route

Fullerton India on Monday said, “It has successfully raised ₹2,795 Crores ($ 350 mn),...