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No Breakthrough on Tariffs at Ishiba-Trump Meeting in Canada

  • Japanese Prime Minister Shigeru Ishiba met U.S. President Donald Trump on June 16, 2025, in Kananaskis, Canada, but failed to reach a tariff deal.
  • The meeting followed prolonged negotiations amid U.S. tariffs on autos, reflecting unresolved disputes and Japan's push to protect its key auto sector.
  • Ishiba and Trump held candid talks lasting 30 minutes on the sidelines of the Group of Seven summit, emphasizing that progress depends on a full-package agreement.
  • Japan exported about 1.38 million vehicles to the U.S. in 2024, while Japanese automakers produce 3.28 million vehicles annually in the U.S., highlighting the stakes involved.
  • Despite little progress and tariff disagreements, bilateral ministerial talks will continue, while a July 20 upper house election adds pressure on Japan's trade policy stance.
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Bloomberg Japan broke the news in Japan on Monday, June 16, 2025.
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