BIARRITZ:
President Donald Trump says he is not looking “at this moment” to impose tariffs on automobiles imported from Japan.
The U.S. and Japan say they are nearing a new trade agreement that would include more agricultural exports to Japan, such as beef and pork.
Trump is making clear that imposing auto tariffs in the name of national security is an option at a later date but adds “we’re not looking at that. We just want to be treated fairly.”
Trump was wrapping up his trip to this year’s Group of Seven summit in France on Monday and addressed the prospect of auto tariffs in a press conference.
Trump says Japan has run a large trade surplus with the U.S. and claims new trade deals will help transform the economy, though the trade tensions have spooked financial markets.
