#trade #tariffs #US #Japan
The President of the United States, Donald Trump, has signed a document stating that a 25% additional tariff will be imposed on automobiles, which are the largest export from Japan to the US. Trump claims that this move is aimed at strengthening the American economy. However, this decision has raised concerns about its potential impact on the trade relationship between the two countries.
This tariff imposition comes amidst ongoing trade tensions between the US and various countries, including Japan. It is part of Trump’s broader strategy to address what he perceives as trade imbalances and to prioritize American manufacturing and jobs.
Ramesh Khatri, a representative of Kansai Nepal News, expressed his views on this development, stating that while protecting domestic industries is important, it is crucial for countries to engage in constructive dialogue to resolve trade disputes. He emphasized the significance of maintaining a balanced and mutually beneficial trade relationship between the US and Japan for the global economy’s stability.
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Author: MAYA | HARUTO
Posted at: March 28, 2025 3:01 am
