Top U.S., Japanese trade officials discuss electric vehicle tax credits -U.S. statement

WASHINGTON, Nov 17 (Reuters) – U.S. Trade Representative Katherine Tai and Japanese industry minister Yasutoshi Nishimura discussed new U.S. electric vehicle tax credits during a meeting on the sidelines of a summit in Bangkok, Tai’s office said on Thursday.

During their meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, Tai “also raised the status of the U.S.-Japan beef safeguard agreement and Japan’s ongoing review of its on-road ethanol use targets,” her office said in a statement.

Japan’s government has warned that the electric vehicle tax credits in the Inflation Reduction Act could deter further investment by the Japanese in the United States.

Reporting by Eric Beech and Rami Ayyub