- Goldman profit misses estimates on weak underwriting, M&A
- UnitedHealth raises profit view as revenue from pharmacy benefits grows
- Nakagami to miss last three MotoGP races, staying at LCR Honda
- Here are the biggest analyst calls of the day: Amazon, Square, Lowe's & more
- Earnings season will likely surprise investors and hit a popular trade, Art Hogan warns
FILE PHOTO: Newly manufactured vehicles await export at a port in Yokohama, Japan, January 16, 2017. REUTERS/Toru Hanai/File Photo
May 18, 2018
TOKYO (Reuters) – Japan’s automaking association on Friday said it hoped the country’s export partners would keep tariffs on vehicles and vehicle components low and maintain free trade relationships to promote and strengthen transparent trade.
“The global auto industry has a complex supply chain, so we hope to see regulations that will allow for free trade,” Seiichi Nagatsuka, an executive member of the Japan Automobile Manufacturers Association told reporters at a briefing.
“Tariffs should be low and rules should be established to maintain trade transparency.”
The United States is a major market for Japanese automakers, which operate plants in Canada, Mexico and the U.S.
Washington has been pushing for new terms for the North American Free Trade Agreement, including demands to boost the North American content of cars made in the three signatory nations. It is also mulling tougher environmental rules for imported cars to protect U.S. automakers.
(Reporting by Naomi Tajitsu)