Ford says Japan should reduce size of auto industry before trade talk participation
That's an odd claim given that Japan can't possibly have a lower tariff on imported cars: zero percent. For comparison's sake, importers looking to bring vehicles into the U.S. face a 2.5 percent tariff. But Beigun says Japan uses non-tariff barriers and currency manipulation to discourage imports. Beigun declined to elaborate on what those "non-tariff barriers" are. William Duncan, the director of the Japanese Automobile Manufacturers Association, has been quoted as saying Beigun's assertions are "rather bizarre."
If Japan is guilty of currency manipulation, it's doing a poor job. The yen is currently at a near all-time high against the U.S. dollar, and Japanese manufacturers have steadily worked to move production out of their home country over the past two decades. All told, 70 percent of the machines Japanese automakers sell in the U.S. are built on American soil. So, why is Ford up in arms over Japan? It could be the manufacturer wants to put the country, and its manufacturers at a disadvantage in the markets covered by the TPP.
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