Alva Review-Courier -

Japan to US: Auto tariff would damage US, world economy

 


TOKYO (AP) — Japan's government warned in a report Friday that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S. and global economy.

Japan submitted a position paper Friday to the U.S. Department of Commerce, according to the Japanese trade ministry. In May, Trump ordered the department to conduct an investigation to determine if higher tariffs on foreign-made vehicles and auto parts were justified on national security grounds.

The m...



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