Trump says car trade with ‘Mr Japan' is unfair as tariff deadline looms
It was unclear from US President Donald Trump's statements in an interview with Fox News on June 29 whether Japan was close to reaching a deal or winning an extended reprieve from a jump in the across-the-board tariffs. PHOTO: AFP
WASHINGTON - US President Donald Trump characterised trade in cars between the US and Japan as unfair on June 29, little more than a week before higher tariffs are set to kick in if a deal is not reached between the two nations.
'So we give Japan no cars. They won't take our cars, right? And yet we take millions and millions of their cars into the United States. It's not fair,' Mr Trump said during a Fox News interview that aired on June 29.
'And I explained that to Japan. And they understand it. And we have a big deficit with Japan. And they understand that too,' he said in remarks. 'Now, we have oil. They could take a lot of oil. They could take a lot of other things,' he added.
Japan's top negotiator Ryosei Akazawa visited Washington DC last week for the seventh round of trade negotiations that have been ongoing for months, even extending his stay in hopes of hashing out a deal as the July 9 deadline for higher so-called reciprocal tariffs looms.
In a statement released on June 29, the Japanese government said Mr Akazawa and his counterpart, US Commerce Secretary Howard Lutnick, had a 'fruitful discussion' and agreed to continue seeking a deal that is beneficial for both the US and Japan.
It was unclear from Mr Trump's statements in the interview whether Japan was close to reaching a deal or winning an extended reprieve from a jump in the across-the-board tariffs.
Mr Trump said the US can set its trade terms with Japan unilaterally.
'I'm going to send letters,' Mr Trump said on June 29, referring to a plan to inform some trading partners that the US will unilaterally set tariffs. 'I could send one to Japan. 'Dear Mr Japan, here's the story. You're going to pay a 25 per cent tariff on your cars.'' BLOOMBERG
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