Japan will closely communicate with the U.S. over trade issues: Seko

Image
Reuters TOKYO
Last Updated : Mar 23 2018 | 11:05 AM IST

TOKYO (Reuters) - Trade minister Hiroshige Seko said on Friday that Japan would communicate closely with the United States over trade issues.

He also said retaliation against U.S. trade measures could destroy the system of free trade, and said Japan would consider necessary steps within the framework of the World Trade Organization.

Seko made the comment after U.S. President Donald Trump signed a presidential memorandum on Thursday targeting up to $60 billion in Chinese goods with tariffs, but only after a 30-day consultation period that starts once a list is published.

The U.S. also is set to impose steep tariffs on steel and aluminium imports but new tariffs will unlikely apply to partners including the European Union, Mexico and Canada.

(Reporting by Ami Miyazaki, writing by Kaori Kaneko; Editing by Chris Gallagher)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2018 | 10:57 AM IST

Next Story