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Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
U.S. President Donald Trump did not elaborate on his claim, but it appeared to hint that Japan may have made concessions in ongoing negotiations.
U.S. President Donald Trump on Sunday claimed Japan and other major trading partners are changing their approach to tariff negotiations "very, very rapidly," indicating he believes there may soon be progress toward agreements.
Tokyo had expected smooth tariff negotiations but is experiencing whiplash, becoming a central target of President Trump’s trade frustrations.
The Japanese government has informed the United States that its chief negotiator intends to conduct an eighth round of ministerial-le
The Wall Street Journal says that Japan-US trade talks have been stalled for more than a month due to disagreements over auto tariffs.
TMTPOST -- The Japanese government seems reluctant to make concessions amid the ongoing trade talks with the United States.
Japanese Prime Minister Shigeru Ishiba pushed back against the idea there has been little progress in negotiations with the US on a trade deal as a deadline looms for a 24% across-the-board tariff to take force.
US President Donald Trump has announced he will impose a 25% tariff rate on Japan starting August 1 if no trade deal is reached beforehand. How is Japan reacting and how will it respond before the deadline?
Japan's $1T investment gamble failed as Donald Trump imposed high tariffs, with rice tensions derailing trade talks before Japan's election.
Trump initially sparked hysteria in the financial markets by announcing tariff rates on dozens of countries, including 24% on Japan and 25% on South Korea. In order to calm the markets, Trump unveiled a 90-day negotiating period during which goods from most countries were taxed at a baseline 10%.