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ECONOMY > Trade

Trump administration calls on Japan to take “bold” measures on autos, agriculture

  • March 10, 2017
  • , NHK
  • JMH Summary

NHK reported this morning that the Trump administration presented to the WTO on Wednesday a statement expressing serious concern about the U.S. trade deficit with Japan that reached $68.9 billion last year. According to the network, the administration called on Japan to take bold measures to enhance trade transparency, reduce unnecessary regulations, and remove non-tariff barriers. It pointed out that American firms have been excluded from the Japanese automobile market due to non-tariff barriers, and also claimed that while agricultural reform is being carried out to enhance competition, some farm products are protected by high tariffs. The network said the Trump administration is expected to point out these things and call for measures to reduce the U.S. trade deficit during the new economic dialogue slated for mid-April.

 
 
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