US EditionEyes on Asia: Japan balks at U.S. proposal to keep steel, autos duties
3 Articles
3 Articles
Eyes on Asia: Japan balks at U.S. proposal to keep steel, autos duties
Japan is balking at a proposed U.S. framework for an agreement that addresses the so-called “reciprocal” tariff rates announced by President Trump but would not touch newly imposed U.S. duties on steel, aluminum and autos, according to a report out of Japan on Friday. The administration officials leading talks with Japan – Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer – tabled th…
Cars, steel, and aluminum excluded from tariff negotiations: Japan resists U.S. demands, no compromise: Asahi Shimbun
Regarding the tariff measures taken by the Trump administration, Minister of Economy, Trade and Industry Akimasa Akazawa, who is visiting the United States, held his second round of talks with the U.S. side in Washington on the afternoon of the 1st (morning of the 2nd Japan time). The meeting lasted for over two hours, and in addition to automobiles, which are important to Japan, steel and...
US presents "draft framework for agreement" on tariffs; auto and steel industries remain out of negotiations, Japan reacts negatively
It has been learned that the US side presented a "draft framework" for an agreement in conjunction with the tariff negotiations held by the Japanese and US governments in Washington on the 1st (2nd Japan time). The proposal focused mainly on reciprocal tariffs, and expressed reluctance to lower tariffs on automobiles, steel, and aluminum. Japan strongly opposed this, and once again called for a comprehensive review of the series of measures at a…
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