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Japan’s trade minister fails to win US assurances on tariff exemptions

  • Japan's Trade Minister Yoji Muto failed to secure assurances from U.S. Officials for tariff exemptions, which are set to take effect imminently.
  • Discussions with U.S. Officials acknowledged Japan's contributions but did not grant the requested tariff exemption on crucial exports including cars, steel, and aluminum.
  • Muto stated that Japan should not face 25% tariffs on steel, aluminum, and auto exports to the U.S. But did not receive assurances of exemption.
  • Both sides discussed energy cooperation initiatives, including joint liquefied natural gas development, as agreed upon previously.
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Bloomberg broke the news in United States on Tuesday, March 11, 2025.
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