Clash of Tariffs: U.S.-Japan Trade Talks Face Hurdles
- Top U.S. And Japanese officials held trade talks on May 1, 2025, in Washington to address tariffs and economic cooperation.
- The talks followed ongoing disputes over U.S. Tariffs on autos, steel, and aluminum imposed by President Trump.
- Japan's lead negotiator Ryosei Akazawa held discussions in Washington alongside U.S. Officials, including Treasury Secretary Scott Bessent, to address non-tariff barriers and enhance cooperation on trade and economic security.
- The Trump administration imposed 10 percent universal tariffs and paused 24 percent tariffs for 90 days, while Akazawa expressed hope for a "win-win relationship" by June.
- Both sides agreed to intensify talks from mid-May aiming for a mutually beneficial deal, with Japan maintaining it will protect its national interests.
13 Articles
13 Articles
Clash of Tariffs: U.S.-Japan Trade Talks Face Hurdles
Clash of Tariffs: U.S.-Japan Trade Talks Face Hurdles Top officials from the United States and Japan struggled to find common ground in trade discussions on Thursday, as differing perspectives on tariffs overshadowed the talks. While U.S. representatives expressed optimism, highlighting Japan's quick engagement, Japanese media delivered a more pessimistic outlook.U.S. Treasury Secretary Scott Bessent and other American officials pushed for easin…
Japan, EU make progress on US trade talks
The NewsJapan and the EU lauded progress on trade talks with the US, but warned Washington of consequences if deals were not reached soon. Tokyo said negotiations over lowering tariffs could conclude in June, but its finance minister pointed out that Tokyo was the world’s biggest holder of US Treasurys, giving it leverage over Washington: “Whether or not we use that card is a different decision,” he said. The European Union trade commissioner, m…
Ishiba Calls For More Detailed Trade Talks; Tariff Issue Unresolved, But Talks “Constructive”
Prime Minister Shigeru Ishiba emphasized Friday the need for detailed discussions on trade expansion and non-tariff measures after the latest round of tariff negotiations with the United States.
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