Japanese Prime Minister Shigeru Ishiba reiterated his bold vision on Sunday: to eliminate all tariffs in trade negotiations with the United States. Speaking on a Fuji Television morning show, he revealed that discussions with US President Donald Trump are progressing well and, surprisingly, the rapport is good!
Illustrating his point, Ishiba compared the current setup with the recent US-UK agreement—which lowers duties on British car exports yet still keeps a baseline 10% tariff—suggesting that a 0% tariff model would benefit both sides. According to him, high levies on auto imports make cars more expensive for US consumers, highlighting that lower tariffs could boost consumer spending and strengthen overall economic ties. 🚗💡
Moreover, Ishiba stressed the need for careful economic planning domestically. He questioned the sudden reduction in consumption tax, warning that such moves could harm national finances if not backed by thoughtful strategies to help those truly in need.
This call for a tariff-free trading model underscores a significant shift in global trade discussions, resonating with young, tech-savvy professionals who are keen to understand how international policies influence everyday life. Stay tuned for more updates on these dynamic trade talks and their potential impact on the economy!
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Japan PM Ishiba reiterates call to eliminate all tariffs with the US
cgtn.com
