Japan's chief trade negotiator, Ryosei Akazawa, stated that the country cannot accept the U.S.'s proposed 25% automobile tariffs. He highlighted that Japanese automakers produce over 3.3 million cars in the U.S. compared to only 1.37 million exported. With more than $60 billion invested in U.S. operations and 2.3 million jobs created locally, he defended Japan's role in the U.S. economy. The ongoing trade negotiations have yet to resolve these tariff issues, which are significant obstacles for both nations amid increasing trade tensions.
Japan's automobile industry has made an enormous contribution to the U.S. economy, and we intend to keep explaining this clearly and seek understanding.
We consider the 25% automobile tariff to be unacceptable.
Of the 3.3 million cars made in the U.S., about 300,000 are shipped from the U.S. to other nations, also helping to generate a trade surplus for the U.S.
Japan's trade surplus with the U.S. last year stood at ¥8.6 trillion ($59.4 billion), the fifth largest on record.
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