Akazawa asks US to stick with Existing Trade Agreements

Japanese Trade Minister Akazawa Ryosei said he asked his US counterpart to make sure the latest developments on tariffs will not affect existing agreements between the nations.

A deal reached last July imposed a 15-percent tariff on imports from Japan. Also agreed was that levies on Japanese automobiles and auto parts under a different law would be lowered from 25 percent to 15 percent. A further element of the trade relationship was revealed last week. That was the first set of projects in Japan’s 550-billion-dollar investment in the American economy.