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Japan Trade Negotiator Says Progress Made in US Tariff Talks

  • Ryosei Akazawa, Japan’s economic revitalization minister and lead negotiator on tariffs, indicated that the fifth round of trade discussions with U.S. Officials held in Washington on June 5, 2025, yielded some advancements.
  • The talks aim to end U.S. Tariffs harming Japan's economy, with Japan facing a 24 percent tariff starting in July unless a deal is reached.
  • Akazawa held an almost two-hour discussion with Howard Lutnick, the U.S. Commerce Secretary, and arranged additional meetings with Treasury Secretary Scott Bessent, during which he emphasized the need for the U.S. To reconsider its tariff policies.
  • Akazawa emphasized the desire to reach an agreement quickly, while also highlighting the importance of carefully protecting Japan's national interests during the process.
  • Both sides reaffirmed positions on tariffs, trade expansion, and economic security cooperation and agreed to continue negotiations aiming for a mutually beneficial deal before the G7 summit on June 15.
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The Straits Times broke the news in Singapore on Friday, June 6, 2025.
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