US EditionUS Treasury's Bessent Believes Good Tariff Deal Is Possible, Japan PM Ishiba Says
TOKYO, JAPAN, JUL 17 – US Treasury Secretary Scott Bessent met with Prime Minister Shigeru Ishiba to discuss tariff threats and ongoing trade negotiations ahead of an August 1 deadline, officials said.
- On Friday, Japanese Prime Minister Shigeru Ishiba will host US Treasury Secretary Scott Bessent in Tokyo, ahead of a Washington deadline to secure a trade deal or face tariffs.
- Tariff tensions escalated when President Donald Trump warned of new duties starting August 1, while Japan's tariffs envoy Ryosei Akazawa has travelled to Washington repeatedly to avert the levies.
- These stalled negotiations have frustrated Japanese businesses and consumers, and “there will definitely be a good agreement,” Ishiba said.
- With Sunday's House of Councillors election imminent, Ishiba faced mounting political pressure as the meeting coincided with final campaign days, amid falling approval ratings and potential coalition loss.
- The hefty car tariff imperils Japan’s auto industry and Trump’s tariff measures have complicated a long-standing alliance.
19 Articles
19 Articles
Tokyo, Japan. US Treasury Secretary Scott Bessent said Friday that it is still possible to reach a trade agreement with Japan, after talks in Tokyo before the imminent imposition of new tariffs on August 1. “A good agreement is more important than a hasty agreement, and a mutually beneficial trade agreement between the United States and Japan remains a possibility,” Bessent said in X. “I hope to continue formal negotiations in the future,” he ad…
Japanese Prime Minister Shigeru Ishiba and U.S. Treasury Secretary Scott Bessent indicated that both nations could reach a "good" trade agreement, although they pointed out that the process could take longer. "A good deal is more important than a hasty deal," Bessent said after meeting with Ishiba in Tokyo. "A mutually beneficial trade agreement between the U.S. and Japan remains possible." "I hope to continue formal talks in the future," Bessen…
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