US EditionOpposition Parties Fume over U.S. Trade Deal Not Being Put in Writing
TOKYO, JAPAN, AUG 4 – Japan avoids a written trade agreement to prevent delays in tariff reductions amid concerns over U.S. tariff hikes to 15%, officials said the move aims for steady implementation.
5 Articles
5 Articles
Japan PM Ishiba States Negative View on Issuing Written Japan-U.S. Agreement on Tariffs; Pushes for Comments on World War II
Prime Minister Shigeru Ishiba expressed a negative view about issuing a written agreement between Japan and the United States regarding U.S. tariffs during Diet deliberations on Monday.
Although the measure is scheduled to be implemented on the 7th, the day after tomorrow, the uncertainty surrounding the agreement remains, and the explanations given by the Prime Minister and the relevant ministers did not answer the questions. Could the gap in perception between Japan and the US give rise to new problems? Prime Minister Ishiba Shigeru and Minister of State for Economic Revitalization Akazawa Akimasa attended the intensive delib…
The U.S.-Japan tariff agreement, which received a passing grade in Japan, is now under scrutiny. This is because the tariff agreement lacks a written text and the ambiguity surrounding the 15% tariff on automobiles, a key industry supporting the Japanese economy. Japanese Prime Minister Shigeru Ishiba said,
At a House of Representatives Budget Committee meeting on the 4th, Minister of State for Economic Revitalization Akimasa Akazawa stated that the agreement document from the Japan-US tariff negotiations would be sufficient with a US presidential order setting a "reciprocal tariff" on Japan at 15%, indicating that he does not believe it is necessary.
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