Japan\u2019s trade minister has said President\u00a0Donald Trump\u2019s tariff policies towards his country and others show the American does not have a clear understanding of how trade works.<\/p>\n
That minister said in\u00a0interview with the Associated Press, that the US president did not appear to understand the importance of free trade or the contributions that Japanese companies made to the US economy. And, he said, Tokyo may be forced to take action if the US went ahead with its threat\u00a0to place a 25 per cent tariff on Japanese auto parts.<\/p>\n
\u201cJapanese auto makers are a major contributor to the American economy,\u201d said Hiroshige Seko, the country\u2019s minister of economy, trade, and industry. \u201cIf the Japanese auto industry is weakened, it will not be able to invest in the US\u201d<\/p>\n
Mr Seko also said that he was concerned with what appeared\u00a0to be an escalating trade dispute\u00a0<\/span>between the US and China that has led both countries to imposing tariffs on $50b worth of goods.<\/span><\/p>\n \u201cThis works as absolutely no plus for the world economy, and Japanese companies are shipping parts to China to finish them as products there that are exported to the US, and the effects are already being felt,\u201d he said\u00a0of the tariffs that have targeted a range of items from auto parts, chemical products, motorcycles, and antennas.<\/p>\n He continued: \u201cUltimately it will hurt the US and Chinese economies.\u201d<\/p>\n Mr Trump made China and trade a signature talking point during his 2016 campaign, claiming that China and other countries around the world were taking advantage of the United States\u00a0 with trade imbalances that hurt American workers.<\/p>\n Since then, he has put pressure on several of America\u2019s biggest trading partners, imposing sanctions on China and more traditional western allies like Canada, while threatening steep taxes on cars from the European Union.<\/p>\n Source: Independent<\/p>\n","protected":false},"excerpt":{"rendered":" Japan\u2019s trade minister has said President\u00a0Donald Trump\u2019s tariff policies towards his country and others show the American does not have a clear understanding of how trade works. That minister said in\u00a0interview with the Associated Press, that the US president did not appear to understand the importance of free trade or the contributions that Japanese companies made to the US economy…. Read more »<\/a><\/p>\n","protected":false},"author":120,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1745","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/comments?post=1745"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1745\/revisions"}],"predecessor-version":[{"id":1746,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1745\/revisions\/1746"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/media?parent=1745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/categories?post=1745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/tags?post=1745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}