TOKYO, April 7 (Reuters) - Japanese Prime Minister
Shigeru Ishiba said on Monday he told U.S. President Donald
Trump in a telephone call that his tariff policies are extremely
disappointing and urged him to rethink.
"I've told the President that Japan has been the biggest
investor in the United States for five straight years and the
tariff policies could hurt our Japanese companies' investment
capabilities," Ishiba told reporters after the call with Trump.
Ishiba also said he agreed with Trump to continue
constructive dialogue on the issue.
Trump's decision to impose a 25% levy on auto imports, and a
reciprocal 24% tariff on other Japanese goods, is expected to
deal a huge blow to Japan's export-heavy economy with analysts
predicting the higher duties could knock up to 0.8% off economic
growth.