Nikkei Asia reported on Sunday that Japan is considering relaxing automobile security rules for imports as part of its tariff dialogue with the United States.
Japan has been killed with 24% levy on its exports, although in rates, most of the US President Donald Trump’s tariffs, prevented for 90 days. The 10% universal rate remains in place, as is 25% duty on cars, the mainstay of Japan’s export-antique economy.
As Japan and America use various security standards, Tokyo looks at the room to reduce the rules on accident tests as a bargained chip in business talks, saying Nikkei cited anonymous sources.
Japan is trying to return its “mutual” tariffs and other duties imposed on Japan, along with the fears of Trump’s business aggressive roeing markets and recession.
Trump faced “great progress” in tariff talks with Japan on Wednesday, in the first round of face-to-face conversation since his barrage of duties on global imports. (Reporting by Mrinmay Dey in Bangalore; Huga Lawson and Editair Bell)
