NEW YORK -- The 15% tariff rate on Japanese autos and auto parts agreed in this week's deal between the U.S. and Japan has angered the U.S. auto industry, which still faces a 25% rate on its imports from elsewhere in North America.
Automobiles
US auto industry blasts Japan tariff agreement as 'bad deal'
Automakers complain about lower rate on imports from Japan than neighboring Mexico
Japanese automakers such as Honda Motor will benefit from lower tariffs on exports to the U.S., but still face higher rates on exports from Mexico. © Reuters
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