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US trade rep trying to open Japan for more auto imports

Japan joined Trans-Pacific Partnership (TPP) free trade agreement talks late in July, so the US is sending Trade Representative Mike Froman to Japan on August 19 to negotiate ways to open up the country's auto import market in ways that will benefit all member countries, Politico reports. The TPP free trade deal, which involves countries like Singapore, Brunei and Vietnam &n

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US, Japan trade talks could see scrapping of car and truck tariffs

Trade issues between the United States and Japan, especially in the automotive sector, have struck a repetitive note for decades: our market is open to them, their market is effectively closed to us. Even though Japan doesn't apply tariffs to cars we export there – whereas we tax Japanese passenger cars 2.5 percent and Japanese light trucks 25 percent – other barriers like Japan's 2,000-unit cap in the Preferential Handling Program and regulatory hurdles have limited the amount of ef