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.
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
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