Key facts on US-Japan tariff deal
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At Wednesday's summit, the EU and Japan are expected to reaffirm their commitment to a rules-based order, as both face trade disputes with the US, but the pair offer differing approaches to negotiations with the Trump administration.
Even as Washington ramps up pressure on Japan and South Korea to settle trade disputes with the US, diplomatic observers believe tariffs imposed by US President Donald Trump are not likely to push its two Asian allies closer to Beijing.
As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.
Those higher tariffs began to significantly weigh on Japan’s economy. In May, the value of Japanese exports to the United States declined 11 percent from the same month a year earlier, according ...
TOKYO (Reuters) -Japan is seeking talks between tariff negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent when the U.S. official visits Japan for the World Expo next week, Yomiuri
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Explícame on MSNTrump's Tariffs of Up to 50% Set to Take Effect on August 1stThe Trump administration is poised to implement a new wave of tariffs, potentially reaching 50% for certain nations, effective August 1st. This move underscores President Trump's strategy of using tariffs as leverage to secure international concessions and reshape global trade relations.
US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.