Japan hopes to stick to existing US deal in face of Trump's new tariffs [Yahoo! Finance Canada]
NOMURA RSRCH UNSP/ADR (NRILY)
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Source: Yahoo! Finance Canada
TOKYO, Feb 24 (Reuters) - Japan said on Tuesday it had asked the United States to ensure its treatment under a new tariff regime would be as favourable as in an existing agreement, treading carefully to avoid rocking the ?boat before the prime minister's visit to the U.S. next month. While U.S. President Donald Trump's latest measures could increase the tariff ?cost for some Japanese export items, Japan's trade minister and U.S. Commerce Secretary Howard Lutnick affirmed on a call on Monday that the two countries would implement the trade deal ?struck last year "in good faith and without delay," the Japanese trade ministry said. Trump, following the U.S. Supreme Court's decision on Friday to strike down his tariffs under the International Emergency Economic Powers Act (IEEPA), applied a temporary 15% duty on imports from all countries, the maximum allowed under a law that is separate from the IEEPA. Trump also warned countries that if they backed away from their trade deals wit
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