WSJ: Japan-US talks stalled over auto tariffs
The newspaper on Wednesday said top US officials told Japanese negotiators in late May that time was running out to reach an agreement.
It quotes sources as saying Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer warned that "additional punitive measures" might be taken against Japan.
The report said these could include a Trump administration demand that Japan cap its vehicle exports to the United States.
The Japanese side reportedly maintained its stance that there could not be any agreement that preserves the 25-percent tariff America has imposed on autos.
The pause in what President Donald Trump calls reciprocal tariffs is due to expire next Wednesday.
US Deputy Treasury Secretary Michael Faulkender spoke about the deadline in a TV interview. He said he expects the Trump administration will announce "a number of" trade deals next week.
He added that he thinks there will be a "tariff-rate announcement" next week for US trading partners that have not advanced their negotiations.
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