Japan Business Group Chair Welcomes Outcome of Tariff Talks, But Also Say 15% Reciprocal Tariff ‘By No Means Low'
'The parties concerned made earnest efforts within the framework of the negotiations and achieved a successful outcome,' Tsutsui told reporters.
Tsutsui said he was greatly concerned about automobile tariffs, as they will have a significant impact on the broad-based automobile industry, including related businesses. 'But I want to praise the reduction in the tariffs as a positive outcome of the talks,' he said.
At the same time, however, Tsutsui said a 'reciprocal tariff' of 15% is 'by no means low, considering the domestic economy.'
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