Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington.
What Happened: "We have repeatedly explained to the U.S. that Japan's automobile industry has made an enormous contribution to the U.S. economy," Akazawa said, according to Bloomberg on Thursday.
Akazawa added that the country wants to explain this "clearly" to the Trump administration and "seek understanding," between the two countries.
Japanese automotive companies produce over 3.3 million vehicles annually in the U.S. and export about 300,000 of these vehicles to other countries, the report suggests.
"In any case, we consider the 25% automobile tariff to be unacceptable," Akazawa said. He also said that Japan ships 1.67 million vehicles to the U.S. However, Japanese automobile manufacturers invested over $60 billion in the country and created over 2.3 million local jobs.
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