Japan Fails to Win Tariff Exemptions During Washington Visit
The country’s trade minister stressed its role as a top investor and employer in the United States in a bid to avoid being hit by new levies on metals and cars.
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The country’s trade minister stressed its role as a top investor and employer in the United States in a bid to avoid being hit by new levies on metals and cars.
The minister, Yoji Muto, is expected to negotiate with U.S. officials ahead of global tariffs that could damage Japanese businesses, including automotive giants.
There is excitement about the potentially lucrative resources scattered around the island, especially the rare earths. But extreme weather, fired-up environmentalists and other factors have tempered hopes of a bonanza.
China dominates in critical minerals, and President Trump has turned to high-pressure tactics to acquire them.