Japanese Economy Minister denounces US tariff as not good for global economy

Japanese Economy Minister Toshimitsu Motegi said on Friday that an escalation of U.S. tariffs on China or Mexico is an undesirable development for the global economy. Motegi, speaking at a seminar, said it would be beneficial for all parties to reach a rules-based resolution through negotiations. Motegi was responding to questions about U.S. President Donald Trump's decision to rapidly increase tariffs on Mexican imports unless illegal immigration ends.