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Japan auto trade 'unfair', could buy more US oil, Trump tells Fox News

From channelnewsasia.com

Japan engages in "unfair" automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan's automakers from 25 per cent automobile industry-specific tariffs, which are hurting the country's manufacturing sector. Japan also faces a 24 per cent so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. "They won't take our cars, and yet we take millions and millions of ... (full story)

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  • Category: Fundamental Analysis