US EditionJapan's Prime Minister Criticizes Trump's Tariff Decision: Shigeru Ishiba Calls Move 'Truly Regrettable'
JAPAN, JUL 8 – Japan faces a 25% tariff increase on imports starting Aug. 1, with Prime Minister Ishiba calling the move regrettable and negotiations ongoing, according to local reports.
- Japanese Prime Minister Shigeru Ishiba expressed regret over the U.S. plan to implement a 25 percent tariff on imports from Japan, scheduled to begin on August 1, 2024, and emphasized that discussions between the two countries would continue.
- The tariff follows a prolonged trade dispute amid Japan's 8.6 trillion yen surplus with the U.S. and occurs during a sensitive 17-day upper house election campaign.
- Ishiba rejected Trump's claim that Japan does not import U.S. rice and emphasized ongoing bilateral negotiations aiming to protect Japan's national interests and secure a mutually beneficial agreement.
- Trump threatened higher tariffs of 30 or 35 percent but shared letters allowing tariff adjustments, while Ishiba called the 25 percent levy 'truly regrettable' and vowed to mitigate its economic impact.
- The tariffs have triggered market reactions and political tensions, underscoring fragile U.S.-Japan relations and the challenge for Ishiba's ruling coalition amid upcoming elections.
21 Articles
21 Articles
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Prime Minister Shigeru Ishiba expressed regret over U.S. President Donald Trump’s announcement of a new reciprocal tariff of 25 percent on all Japanese goods imported to the United States.
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