The Minister of the Trade of Japan does not win American insurance on pricing exemptions

The Minister of Commerce of Japan of Tokyo (AP) said this week that he had not obtained insurance of US officials that the ally of the United States will be exempt from prices, some of which take effect on Wednesday.

Yoji Muto was in Washington for the latest ditch negotiations on prices on a range of Japanese exports, including cars, steel and aluminum.

Muto told Washington on Monday that Japan, which contributes to the US economy by investing massively and creating jobs in the United States, should not be subject to 25% of steel, aluminum and car exports to America.

His meetings with the American secretary in trade Howard Lutnick, the representative of the United States Jamieson Greer and the economic adviser of the White House, Kevin Hassett, came only two days before the prices of steel and aluminum take effect. President Donald Trump also said that a possible 25% price on imported foreign cars could take effect in early April.

Muto said that US officials have recognized Japanese contributions and agreed to continue the talks, but have not approved his exemption from Japan from steep import rights.

We have not received an answer that Japan will be exempt, Muto told journalists. We must continue to assert our position.

While pricing threats have triggered tensions and wishes for reprisals from Canada, Mexico and China, Japan has worked on links with other countries.

Last week, foreign and commercial ministers from Japan and Great Britain met in Tokyo for their first two-two economic dialogue. They agreed to defend fair and rules based on rules, although nobody mentions Trump directly.

Japan strongly depends on exports and car rates would hurt, as vehicles are its greatest export and the United States is their main destination.

It is clear that companies in Japan are very concerned, said Rintaro Nishimura, a political analyst and associated with the practice of Japan of the Asia group. Obviously, the car is the jewel of the crown for Japan, in particular in the context of these prices. He says they are also concerned because the Trump administration performs it in just two months after taking office.

Trump also criticized Japan contributions to the two mutual defense countries, adding tensions with Tokyo.

Muto said the two parties agreed to continue to discuss to find ways to establish a win-win relationship that would serve the national interests of the two countries.

The two parties also discussed energy cooperation, including the joint development of liquefied natural gas reserves in Alaska, that Trump and Prime Minister Shigeru Ishiba agreed during Ishibas at the White House in February.

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The video journalist of the Associated Press Mayuko Ono contributed.

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