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Japan-US/Auto Part Tariffs
FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
1. Various of White House
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of Statue of Liberty, port scenes
FILE: New York City, USA - Date Unknown (CCTV - No access Chinese mainland)
3. Various of traffic
FILE: Tokyo, Japan - Date Unknown (CCTV – No access Chinese mainland)
4. National flag of Japan
5. Various of Japan's National Diet building
6. Traffic sign reading "The National Diet Main Gate"
FILE: Tokyo, Japan - April 23, 2019 (CCTV-No Access Chinese mainland)
7. Various of Nissan dealership, sign
FILE: Japan - Date Unknown (CCTV - No access Chinese mainland)
8. Aerial shots of factory, Toyota sign
9. Various of Toyota dealership, sign
FILE: Japan - Aug 12, 2020 (CCTV - No access Chinese mainland)
10. Various of vehicle production line
Alliston, Ontario, Canada - April 15, 2025 (CCTV - No access Chinese mainland)
11. Various of exterior of Honda plant, sign, traffic
Japanese Prime Minister Shigeru Ishiba on Saturday expressed his strong disappointment over a new 25 percent U.S. tariff on auto parts that took effect earlier in the day.
Ishiba told reporters that Japan will continue to urge U.S. President Donald Trump's administration to reconsider its tariff measures.
The U.S. administration on Saturday imposed a new 25-percent tariff on imported auto components, including engines and transmissions, in another blow to Japan's mainstay car industry which has already been slapped with the same rate of tariff on automobiles that took effect in early April.
Ishiba also said Japan is negotiating with the United States on "all" U.S. tariffs, following reports that the U.S. side is unwilling to offer exemptions on duties imposed on products such as auto and steel.
The U.S. administration told Japan in their second round of negotiations, held in Washington on Thursday, that it aims to focus mainly on reciprocal tariffs in its negotiations with Tokyo while not including duties on automobiles, steel and aluminum, Kyodo News reported, citing Japanese government sources.
Japan has no intention of striking a trade deal with the U.S. administration unless all of its new tariffs are reviewed, top negotiator Ryosei Akazawa said Saturday after he returned to Japan from the ministerial-level talks in Washington.
"We have pressed the United States to reconsider the series of tariffs and we cannot reach an agreement if that is not properly addressed in a package," Akazawa, who is Japan's economic revitalization minister, told reporters.
According to a Reuters report, Finance Minister Kato Katsunobu stated on the Friday that Japan's holdings of more than one trillion U.S. Treasury bonds are one of the tools Japan can use in trade negotiations with the U.S. He emphasized that Japan holds U.S. debt not to support the U.S., but primarily to ensure sufficient liquidity to conduct yen intervention when necessary.
Reuters noted that this statement sharply contrasts with remarks made by Kato last month, when he ruled out the possibility of using Japan's holdings of U.S. Treasuries as a bargaining chip in trade negotiations.
Japan-US/Auto Part Tariffs
Dateline : May 3, 2025/Recent/File
Location : China
Duration : 1'34
FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
1. Various of White House
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of Statue of Liberty, port scenes
FILE: New York City, USA - Date Unknown (CCTV - No access Chinese mainland)
3. Various of traffic
FILE: Tokyo, Japan - Date Unknown (CCTV – No access Chinese mainland)
4. National flag of Japan
5. Various of Japan's National Diet building
6. Traffic sign reading "The National Diet Main Gate"
FILE: Tokyo, Japan - April 23, 2019 (CCTV-No Access Chinese mainland)
7. Various of Nissan dealership, sign
FILE: Japan - Date Unknown (CCTV - No access Chinese mainland)
8. Aerial shots of factory, Toyota sign
9. Various of Toyota dealership, sign
FILE: Japan - Aug 12, 2020 (CCTV - No access Chinese mainland)
10. Various of vehicle production line
Alliston, Ontario, Canada - April 15, 2025 (CCTV - No access Chinese mainland)
11. Various of exterior of Honda plant, sign, traffic
Japanese Prime Minister Shigeru Ishiba on Saturday expressed his strong disappointment over a new 25 percent U.S. tariff on auto parts that took effect earlier in the day.
Ishiba told reporters that Japan will continue to urge U.S. President Donald Trump's administration to reconsider its tariff measures.
The U.S. administration on Saturday imposed a new 25-percent tariff on imported auto components, including engines and transmissions, in another blow to Japan's mainstay car industry which has already been slapped with the same rate of tariff on automobiles that took effect in early April.
Ishiba also said Japan is negotiating with the United States on "all" U.S. tariffs, following reports that the U.S. side is unwilling to offer exemptions on duties imposed on products such as auto and steel.
The U.S. administration told Japan in their second round of negotiations, held in Washington on Thursday, that it aims to focus mainly on reciprocal tariffs in its negotiations with Tokyo while not including duties on automobiles, steel and aluminum, Kyodo News reported, citing Japanese government sources.
Japan has no intention of striking a trade deal with the U.S. administration unless all of its new tariffs are reviewed, top negotiator Ryosei Akazawa said Saturday after he returned to Japan from the ministerial-level talks in Washington.
"We have pressed the United States to reconsider the series of tariffs and we cannot reach an agreement if that is not properly addressed in a package," Akazawa, who is Japan's economic revitalization minister, told reporters.
According to a Reuters report, Finance Minister Kato Katsunobu stated on the Friday that Japan's holdings of more than one trillion U.S. Treasury bonds are one of the tools Japan can use in trade negotiations with the U.S. He emphasized that Japan holds U.S. debt not to support the U.S., but primarily to ensure sufficient liquidity to conduct yen intervention when necessary.
Reuters noted that this statement sharply contrasts with remarks made by Kato last month, when he ruled out the possibility of using Japan's holdings of U.S. Treasuries as a bargaining chip in trade negotiations.
ID : 8426708
Published : 2025-05-04 15:37
Last Modified : 2025-05-04 19:43:10
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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