Japan worries Trump tariffs will push countries toward China
- Japan's tariffs envoy Ryosei Akazawa began a second round of talks in Washington on May 2 to address U.S. Tariffs on Japanese exports.
- These negotiations follow U.S. President Trump's imposition of 24 percent reciprocal tariffs on cars and steel, paused for 90 days except for China, amid complaints over Japan's vehicle import rules.
- Japan, a key U.S. Ally and its biggest investor, plans to offer concessions such as eased vehicle import procedures and buying more U.S. Corn and soybeans to seek tariff relief.
- Akazawa highlighted that due to US tariffs, Japanese businesses are incurring financial losses on a daily basis, referencing an automaker's report of losing approximately one million dollars every hour.
- Concerns grow that tariffs may weaken Japanese firms and push Southeast Asian nations closer to China, potentially affecting regional security and prompting financial aid from Japanese prefectures.
56 Articles
56 Articles
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Japan tariff envoy departs for round two of US talks
Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies.
40% of Japan prefectures offer financial aid over U.S. tariffs: poll
Nearly 40 percent of Japanese prefectural governments are offering or have decided to offer financial assistance to businesses as the economy feels the impact of tariffs imposed by the United States, a Kyodo News survey shows.
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