Japan’s Hayashi: I would like to have close communication with the US over auto tariffs
FXStreetMar 12, 2025 8:02 AM
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi noted on Wednesday that “I would like to have close communication with the US over auto tariffs.”
Additional quotes
It's regrettable that the US went ahead with steel and aluminum tariff despite our request for exemption.
The measure could have a major impact on Japan-US economic relations and the multilateral trade system.
Separately, China's Foreign Ministry warned on US President Donald Trump’s steel and aluminium tariffs, saying that “if the US insists on suppressing China, China must resolutely counter it.”
Market reaction
USD/JPY keeps pushing higher, tracking a broad US Dollar rebound, currently trading 0.55% higher on the day at 148.55.
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