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 effective trade US companies can conduct there.

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