July 08, 2013

WASHINGTON -- After a failed effort to exclude Japan from regional free-trade talks, the Detroit 3 are demanding that U.S. auto tariffs be phased out in no less than 25 to 30 years, Reuters reported.

The pact also must include "strong and enforceable provisions to prevent Japan from intervening in currency markets to depress the value of the yen," Matt Blunt, president of the American Automotive Policy Council, said.

 

Source
Automotive News