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Japan voices disapproval over U.S. auto tariffs, calls for exemption
(MENAFN) Japanese Prime Minister Shigeru Ishiba has voiced strong disapproval over the United States' decision to impose a 25-percent extra tariff on vehicles, instructing key officials to aggressively pursue an exemption for Japan.
The Prime Minister convened a 50-minute emergency meeting at the Prime Minister's Office with Foreign Minister Takeshi Iwaya, Chief Cabinet Secretary Yoshimasa Hayashi, and other high-ranking officials to address the contentious trade measure, as reported by local media outlet.
Following the meeting, Foreign Minister Iwaya informed reporters that Japan will conduct a thorough assessment of the tariffs' impact on its industrial sector and utilize all available diplomatic channels to appeal for an exemption from the punitive measures.
Chief Cabinet Secretary Hayashi, during a press conference on Thursday, labeled the U.S. action as "extremely regrettable," cautioning that it could severely disrupt Japan-U.S. economic ties, destabilize the global economy, and undermine the multilateral trade system.
Prime Minister Ishiba's directive outlined a three-pronged strategy: first, to urgently urge the United States to exclude Japan from the tariff regime; second, to meticulously evaluate the potential consequences for domestic industries and employment, while simultaneously establishing financial support mechanisms; and third, to orchestrate a unified, government-wide response in close collaboration with relevant ministers, as detailed by media source. The Japanese government is now bracing for potential economic repercussions and intensifying diplomatic efforts to mitigate the damage.
The Prime Minister convened a 50-minute emergency meeting at the Prime Minister's Office with Foreign Minister Takeshi Iwaya, Chief Cabinet Secretary Yoshimasa Hayashi, and other high-ranking officials to address the contentious trade measure, as reported by local media outlet.
Following the meeting, Foreign Minister Iwaya informed reporters that Japan will conduct a thorough assessment of the tariffs' impact on its industrial sector and utilize all available diplomatic channels to appeal for an exemption from the punitive measures.
Chief Cabinet Secretary Hayashi, during a press conference on Thursday, labeled the U.S. action as "extremely regrettable," cautioning that it could severely disrupt Japan-U.S. economic ties, destabilize the global economy, and undermine the multilateral trade system.
Prime Minister Ishiba's directive outlined a three-pronged strategy: first, to urgently urge the United States to exclude Japan from the tariff regime; second, to meticulously evaluate the potential consequences for domestic industries and employment, while simultaneously establishing financial support mechanisms; and third, to orchestrate a unified, government-wide response in close collaboration with relevant ministers, as detailed by media source. The Japanese government is now bracing for potential economic repercussions and intensifying diplomatic efforts to mitigate the damage.
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