Japan automakers need not worry about results of U.S. trade talks: Motegi

Japanese Economy Minister Toshimitsu Motegi stated on Tuesday he did not think U.S.-Japan trade talks would affect results which would cause concern for Japanese automakers.

Motegi made the comments to reporters in Tokyo after the United States and Japan agreed in principle to important elements of a trade deal on Sunday at a Group of Seven leaders summit in Biarritz, France.

Under that deal, Tokyo made concessions on agriculture whereas Washington refrained from raising its present auto tariffs on Japanese car imports while negotiations continued.