US Keeps Auto Parts Tariff on TPP

The United States has told Japan during their recent ministerial talks it will keep tariffs on automotive parts under a Pacific Rim free trade initiative, retracting its previous plan to scrap them immediately, negotiation sources said Thursday. The change in Washington’s stance over the automotive trade issue was the main reason the two sides failed to clinch a bilateral deal at a just-ended two-day meeting through Wednesday between Akira Amari, Japan’s minister in charge of the Trans-Pacific Partnership, and U.S.