A country that pledges to support the anxious companies from Trump’s fees

Japanese Prime Minister Xigero Ishiba announced a series of measures to help Japanese companies adapt to the effects of new American customs duties, amid concerns about the impact of these fees on the Japanese economy.

Ishiba said that the Japanese government will create about 1,000 consulting centers across the country to support small and medium -sized companies in dealing with these fees. Although the Prime Minister had previously indicated the possibility of counter -measures towards American fees on imported cars, he did not address any new retaliatory steps in his statements today.

“We are working without stopping in this regard, even on the weekly holidays,” Ishiba told Bloomberg News, adding: “Once things are more evident about the fees, we will travel to the United States without hesitation.”

Japan is preparing to face the upcoming decision of US President Donald Trump, who will announce the imposition of new customs duties on imports from several countries, based on the principle of reciprocity. This decision aims to pressure other countries to remove customs barriers, including fees imposed on American goods in their markets.

On the other hand, Eitsonori Onodra, the Japanese Liberal Democratic Party policy official, expressed concern about the impact of US customs duties on cars, which will be imposed by 25% as of April 3. “I think these fees will turn into a major economic crisis for Japan, especially with its impact on the car supply chain that includes all regions of Japan,” Onodra said during the party’s workshop.

These car fees are part of the great expansion of Trump’s trade war, which is expected to cause great harm to the largest brands of cars in Japan, Germany and South Korea. The impact of these fees is expected to exceed the size of direct exports of cars from Japan to the United States, which is estimated at about 1.45 million cars annually, as Japanese companies also export about 1.49 million cars from Japan through their factories in Canada and Mexico. These companies also produce about 3.3 million cars in their factories inside the United States. (Sky News)