Japan shows the emergency economic package to reduce the pressure of customs tariffs
Prime Minister Japan, On Friday, Chijo Ishiba said that the government had clarified an emergency economic package to alleviate any impact on industries and new definitions. USA.
The package includes support for companies financing in addition to subsidies to reduce gasoline prices by 10 yin ($ 0.07) per liter, and electricity accounts are partially covered for three months from July, and a government document showed.
To help small and medium -sized companies the most vulnerable to economic fluctuations, more companies will be eligible to obtain a low interest -interest -interest -interest interest.
“I ask members of the Council of Ministers to do their best to help companies and families that are concerned about the impact of definitions,” Ishiba said at the customs tariff team meeting.
He said that definitions can have a significant impact on industries that support the economy, such as cars and steel.
The government will consider additional measures to enhance local consumption, depending on the impact of American definitions on the auto industry in Japan.
Economy Minister Riozi Akazawa said that a package can be funded on Friday by a reserve fund, eliminating the need to assemble an additional budget.
On April 2, US President Donald Trump imposed a 25 % tariff on car imports. It also announced a 24 % rate on all Japanese products, after that to 10 % for 90 days.
Akazawa, who works as a major trade negotiator in Japan, will visit Washington next week in the second round of commercial negotiations.
Nikki newspaper reported on Thursday that Japan is considering increasing US imports from the United States as part of the negotiations.
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