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Trade war

Japan's auto industry wary of Trump despite trade breakthrough

US tariffs or quotas mean 'life or death' for competitiveness, parts maker says

Some Japanese automakers worry that U.S. President Donald Trump could push for higher tariffs again.   © Reuters

TOKYO -- Japan's auto industry is finally exhaling now that Sunday's broad trade agreement between Prime Minister Shinzo Abe and U.S. President Donald Trump steers clear of new tariffs or quotas on Japanese-made cars.

"I'm relieved that the U.S. is not raising tariffs for now," an executive at a Japanese automaker said Monday.

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