US EditionU.S. rejects Japan's exemption from "reciprocal" tariffs
- During negotiations held last week in Washington, the United States declined Japan's request to be completely exempted from the 10 percent reciprocal tariff, while maintaining the temporary suspension of a 14 percent country-specific tariff through early July.
- This refusal follows Japan's push to remove reciprocal tariffs, which include additional 25 percent duties on cars, steel, and aluminum, while Washington has declined to negotiate these before further progress.
- Talks led by Japan's Minister in charge of economic revitalization addressed the recent 25 percent tariff applied to auto components such as engines, alongside U.S. complaints regarding Japan's import levels of American vehicles and demands for greater access to its agricultural market.
- Finance Minister Katsunobu Kato stated in a Milan news conference that Japan will not use its U.S. Treasury holdings as a bargaining chip, amid sell-offs in U.S. bonds, equities, and the dollar linked to tariff tensions.
- The outcome suggests ongoing tough negotiations, with Japan urged to defend free trade and avoid compromising, while the U.S. considers tariff relief only if talks yield significant progress by late June.
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EDITORIAL: Japan must insist that U.S. remove higher auto, steel tariffs | The Asahi Shimbun Asia & Japan Watch
In the Japan-U.S. negotiations over high tariffs imposed unilaterally by the Trump administration, Washington has indicated tariffs on autos, steel and aluminum already implemented would not be covered in the talks.
U.S. rejects Japan's exemption from reciprocal tariffs
The United States has refused Japan's full exemption from not only a 10 percent "reciprocal" tariff but a country-specific tariff in recent negotiations, sources close to the matter said Monday. U.S. officials including Treasury Secretary Scott Bessent told Japan's top negotiator Ryosei Akazawa in their meeting in Washington last week…
TOKYO.— The U.S. government refused in the last few hours to grant Japan a total exemption from tariffs imposed in recent months by the country’s president, Donald Trump, while calling for partial relief, according to well-known sources to the ‘Kyodo’ agency. From Washington it was already transmitted last week to Japan’s chief negotiator, Ryosei Akazawa, that Trump only intends to put on the table a cut to the ‘reciprocal’ tariff specific to th…
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