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U.S. President Donald Trump’s top economic adviser stated on Thursday that the United States would hold off imposing tariffs on Japanese auto exports to the United States if trade talks continue to advance, a day after the two countries revealed a limited trade deal.
“So long as the good will progress of this deal continues, auto tariffs are off the table,” stated Larry Kudlow to reporters at the White House, echoing remarks by Japanese Prime Minister Shinzo Abe on Wednesday.
Both leaders signed a limited trade deal on Wednesday that slashes tariffs on U.S. farm goods, Japanese machine tools and other items while further staving off the threat of higher U.S. auto duties.
