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Japan’s trade report to express concern about rising protectionism

  • June 5, 2019
  • , Yomiuri, Nikkei
  • JMH Summary

Nikkei and Yomiuri reported on a trade white paper that the GOJ plans to release in July, noting that a draft written by METI expresses apprehension that the rising protectionist sentiment reportedly triggered by U.S.-China trade friction may upset the existing free trade regime. The draft allegedly cites a WTO estimate showing that goods that were subject to restrictive trade measures, such as the punitive tariffs that the Trump administration imposed on foreign steel, increased by 600% to $481 billion in G20 nations in 2018 from the previous year. The draft also voices qualms about China’s problematic economic practices, such as its pursuit of tech hegemony and industrial subsidies, which it blames for triggering the Trump administration’s protectionist moves.

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