Latest news with #関税
Bloomberg
04-07-2025
- Business
- Bloomberg
Japan's Ishiba Pushes Back Against Doubts Over US Trade Talks
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. 'The talks are steadily but undoubtedly moving forward. There are a wide range of areas including non-tariff barriers that are being covered, but the talks on each of these points are progressing, step by step,' he said in a televised interview Thursday evening.
Al Arabiya
02-07-2025
- Business
- Al Arabiya
Japan PM says determined to protect national interests amid tariff stalemate
Japanese Prime Minister Shigeru Ishiba said on Wednesday he was determined to protect his country's national interests as trade negotiations with the US struggled and President Donald Trump threatened even higher tariff rates on the Asian ally. 'Japan is different from other countries as we are the largest investor in the United States, creating jobs,' Ishiba said in a public debate with opposition party leaders. 'With our basic focus being on investment rather than tariffs, we'll continue to protect our national interest,' he said. Trump on Tuesday cast doubt on a possible deal with Japan, indicating that he could impose a tariff of 30 percent or 35 percent on imports from Japan—well above the 24 percent rate he announced on April 2 and then paused until July 9. Japanese broadcaster TV Asahi reported on Wednesday that Japan's tariff negotiator Ryosei Akazawa was organizing his eighth visit to the United States for trade talks as early as this weekend.
Bloomberg
27-06-2025
- Automotive
- Bloomberg
Japan Braces for Further Pain From US Tariffs, Pledges Support
Japan will take additional action to ease the impact of US tariffs on the auto sector as needed and 'without hesitation,' its economy minister says. Original Story: 武藤経産相：追加的対応が必要と判断すれば躊躇なく行う－自動車関税
South China Morning Post
15-06-2025
- Automotive
- South China Morning Post
Japan's Ishiba to press Trump to drop auto tariffs at G7 summit
Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with US President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan's auto companies and threaten to undermine his fragile government. The two are expected to meet on the sidelines of a summit of the Group of Seven nations in Kananaskis, Alberta, for their second in-person encounter. It follows a sixth round of high-level trade talks in Washington on Friday. Japan's top tariff negotiator, Ryosei Akazawa, said he explored the possibility of a deal in detailed meetings with US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. 'I will make every possible effort to reach an agreement that benefits both Japan and the United States,' Ishiba told reporters before leaving Japan. The timing of his meeting with Trump was still being discussed between the two countries, he added. The trick for Ishiba, who spoke with Trump by phone on Friday, will be to get the president to drop the 25 per cent tariff he imposed on Japanese cars, as well as a paused 24 per cent across-the-board levy that Trump calls a reciprocal tariff, without making concessions that could hurt the prime minister's public support at home. Returning to Tokyo with no deal would be better politically than conceding too much, analysts say.
NHK
13-06-2025
- Business
- NHK
Japan outlined plans to cut US trade deficit in tariff talks: sources
Japanese government sources say Tokyo has sought Washington's review of its tariff measures by outlining how Japan intends to cut the US deficit in bilateral trade. Narrowing the deficit is a key demand from President Donald Trump. The sources said Japan explained the roadmap during bilateral tariff negotiations. They added that it contains a plan for Japan to make massive investments in industries, such as automobiles, steel and shipbuilding. They said Japan has also offered to expand its imports of agricultural products, including soybeans, and items such as US vehicles and liquefied natural gas. They said Japan has also expressed willingness to overhaul its systems described by the United States as non-tariff barriers. Japan has been negotiating with the US to allow their leaders to reach some sort of agreement on the sidelines of the Group of Seven summit in Canada next week. Japanese Prime Minister Ishiba Shigeru met heads of the ruling and opposition parties on Thursday to explain how the negotiations had fared. Ishiba told them that he wants a certain degree of headway by the time he meets President Trump during the G7 summit. But he said what matters is achieving an agreement that benefits both Japan and the US. Ishiba added that he will not undermine Japan's national interests by placing too much priority on striking a deal at an early date. Japan is now seeking to hold more ministerial talks with the US until right before the G7 summit. Its chief delegate to the negotiations, Economic Revitalization Minister Akazawa Ryosei, will leave for Washington on Friday.
