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.
Japan will formally join negotiations on the proposed Trans-Pacific Partnership agreement this month in Malaysia. Participating countries are trying to strike a deal by year end.
Blunt's group, which represents Ford Motor Co., General Motors and Chrysler Group, wants to keep the 2.5 percent tariff on imported cars and the 25 percent tariff on imported light trucks as long as it can.