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Prime Minister Shigeru Ishiba will meet with U.S. Treasury Secretary Scott Bessent on Friday, the Japanese government said, ahead of the scheduled Aug. 1 imposition of a country-specific 25 percent duty on Japan.
Japan and the United States are intensifying discussions over looming U.S. tariffs, with Tokyo reaffirming its commitment to continued negotiations. Japans top trade negotiator, Ryosei Akazawa, held a 45-minute phone
Japanese shipper Kawasaki Kisen (K-Line) is adjusting its U.S. services and is prepared to reroute more ships away to other regions as it braces for potentially higher U.S. tariffs, CEO Takenori Igarashi said on Wednesday.
The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.
The Japanese yen fell on Thursday amid growing political uncertainty and stalled trade negotiations with the U.S., hitting a one-year low against the euro. Investors are increasingly nervous as polls suggest Prime
Japan's export landscape has taken a hit for the second consecutive month, primarily due to the tariff measures from the United States. The most affected sectors include automobiles and pharmaceuticals,
Japanese Prime Minister Shigeru Ishiba on Tuesday said US-imposed tariffs on Japanese imports would have an impact on the country, but added that negotiations would continue.
Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
The EU says the U.S. is resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached with U.S. by Aug. 1.
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