Japan proposes package to import US-made cars

Japan has worked out a package of proposals to increase imports of American cars in an effort to assuage the anger of US officials about soaring Japanese car sales in the US, government sources said Thursday. The sources said the government will present the package to US trade representative Reubin Askew, scheduled to arrive Monday. The package includes a pledge to boost US auto-parts imports to $120 million from $36 million and eliminates import tariffs, the sources said. At present, an 8 percent duty is imposed on chassis and 5.3 percent on other parts.

United Automobile Workers president Douglas Fraser recently warned that unless Japan substantially reduced its auto exports, the US Congress would take tough action.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK