💨 Abstract

Japanese Prime Minister Shigeru Ishiba aims to eliminate all tariffs in trade talks with the U.S., stating that discussions are progressing well. While the U.S. plans to maintain a 10% baseline tariff, Ishiba advocates for 0% tariffs, arguing that high auto import levies hurt U.S. consumers. Japan currently faces a 25% tariff on auto exports to the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖