Japan considers relaxing car safety rule for imports in US tariff talks
Japan has been hit with 24% levies on exports to US although these rates have been paused for 90 days
Japan is considering relaxing automobile safety rules for imports as part of its tariff negotiations with the United States, Nikkei Asia reported on Sunday.
Japan has been hit with 24% levies on its exports to the US although these rates have, like most of US President Donald Trump's tariffs, been paused for 90 days. A 10% universal rate remains in place, as does a 25% duty on cars, a mainstay of Japan's export-reliant economy.
As Japan and the US use different safety standards, Tokyo sees room for easing rules on crash tests as a bargaining chip in trade talks, Nikkei said citing unnamed sources.
With Trump's trade offensive roiling markets and stoking recession fears, Japan is seeking to walk back his "reciprocal" tariffs and other duties imposed on Japan, along with dozens of countries.
Trump touted "big progress" in tariff talks with Japan on Wednesday, in one of the first rounds of face-to-face negotiations since his barrage of duties on global imports.
-
Gold’s price drop explained: Drivers, risks and 2026 outlook
-
NSF fee changes in place across Canada as government limits charges on personal accounts
-
Adobe stocks drop after strong revenue but weak guidance for next quarter
-
Canada interest rates: what to expect amid rising oil prices and global uncertainty
-
Senate prioritizes Housing as Crypto bill hits new impasse, stalling Trump’s ‘Clarity Act’ agenda
-
South Korea markets sink as Kospi records worst day in decades amid Iran conflict
-
Silver, gold prices surge amid geopolitical uncertainty after US-Israel attack on Iran
-
Netflix, Paramount shares surge following resolution of Warner Bros bidding war
-
Paramount wins Warner Bros. bidding war as Netflix abandons deal: Here’s why
-
Singapore's Grab plans AI-driven expansion and new services to boost profit by 2028
-
Bitcoin bounces from $62,000 as on-chain metrics signal prolonged weakness: Here is everything to know
-
BTC price today: Bitcoin sinks below $65K on trade uncertainty