Japanese Industry and Trade Minister Muto will head to the US to talk tariffs

Japanese Industry and Trade Minister Yoji Muto said that he aims to visit the United States at the earliest possible opportunity to engage in discussions with his U.S. counterparts regarding trade policies, including the impact of tariffs imposed by Washington.

Muto emphasized the importance of open dialogue between the two nations to address concerns related to trade barriers and ensure a fair and stable economic relationship.

Speaking at a regular press conference, Muto also announced plans to hold consultations with key representatives from Japan’s steel, aluminium, and automotive sectors early next week. These discussions will focus on assessing the potential effects of U.S. tariffs on Japanese industries and exploring strategies to safeguard domestic manufacturers. The minister underscored the government’s commitment to supporting local businesses and maintaining Japan’s competitive position in the global market.

This article was written by Eamonn Sheridan at www.forexlive.com.