Tariff Tensions Rise as Trump Personally Enters Negotiations with Japan
- President Trump unexpectedly joined US-Japan tariff negotiations on April 16.
- Trump added defense cost-sharing demands to the existing trade/investment agenda.
- Key US tariffs (10% general, 25% auto) remain a major concern for Japan.
April 16 saw President Trump join face-to-face tariff negotiations with Japanese officials, marking his direct involvement in discussions that were initially considered preliminary by Tokyo. The talks, attended by Japanese Economic Revitalization Minister Ryosei Akazawa, focused on trade and investment issues, but Trump expanded the agenda to include defense cost-sharing.
While foreign exchange issues were excluded, tariffs on Japanese goods, including automobiles and rice, remained a concern. Trump has paused some tariffs for 90 days, but a universal 10% rate and a 25% duty on automobiles are still in effect.
How Are US Tariffs Affecting Japan’s Economy?
The imposition of US tariffs has had a notable impact on Japan’s economy. Last month, Japan’s exports increased for the sixth consecutive month, rising 3.9% year-on-year, although this was below expectations and slower than February’s 11.4% growth. The boost was partly due…
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Tariff Tensions Rise as Trump Personally Enters Negotiations with Japan
- President Trump unexpectedly joined US-Japan tariff negotiations on April 16.
- Trump added defense cost-sharing demands to the existing trade/investment agenda.
- Key US tariffs (10% general, 25% auto) remain a major concern for Japan.
April 16 saw President Trump join face-to-face tariff negotiations with Japanese officials, marking his direct involvement in discussions that were initially considered preliminary by Tokyo. The talks, attended by Japanese Economic Revitalization Minister Ryosei Akazawa, focused on trade and investment issues, but Trump expanded the agenda to include defense cost-sharing.
While foreign exchange issues were excluded, tariffs on Japanese goods, including automobiles and rice, remained a concern. Trump has paused some tariffs for 90 days, but a universal 10% rate and a 25% duty on automobiles are still in effect.
How Are US Tariffs Affecting Japan’s Economy?
The imposition of US tariffs has had a notable impact on Japan’s economy. Last month, Japan’s exports increased for the sixth consecutive month, rising 3.9% year-on-year, although this was below expectations and slower than February’s 11.4% growth. The boost was partly due…
The post Tariff Tensions Rise as Trump Personally Enters Negotiations with Japan appeared first on Coin Edition.
Read More
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