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International relations

US-Japan trade deal lacks timeline for auto tariff removal

Tokyo seeks assurances current 2.5% levy will go in the future

The U.S. agreed to remove its 2.5% tariffs on Japanese car imports over a 25-year period under the Trans-Pacific Partnership but withdrew from the pact after President Trump took office.    © Reuters

NEW YORK -- Japan and the U.S. failed to agree on a time frame for removing existing American tariffs on Japanese vehicle and auto parts as part of a bilateral trade deal, with Tokyo instead seeking a promise that the levies will be eliminated sometime in the future. 

The provision is among the final points of discussion on an agreement that the two sides seek to finalize when Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump meet here Wednesday on the sidelines of the United Nations General Assembly.

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