Japan, South Korea scramble
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By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
Anxiety over U.S. tariffs has been spreading across Japan, a central bank report shows, sending a worrying signal about the corporate outlook as trade uncertainty deepens.
Former currency diplomat Masatsugu Asakawa assures that Japan won't face U.S. pressure to strengthen the yen, despite President Trump's criticisms of trade surplus. While Trump pushes tariffs and trade changes,
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.
Secretary of State Marco Rubio talks about countering China as it expands its global influence. But President Trump’s tariff threats have created friction with U.S. partners.
President Donald Trump’s trade wars continue. This week, Trump announced 25% tariffs on Japan and South Korea, set to go into effect on August 1. He also announced tariffs varying from 25% to 40% in countries including Myanmar,
Japanese Prime Minister Shigeru Ishiba pushed back against the idea there has been little progress in negotiations with the US on a trade deal as a deadline looms for a 24% across-the-board tariff to take force.
Japan views tariffs on automobiles, one of the most important industries in the country, as a sticking point. Unlike most of the world, Japan remains intransigent on compromise.
By Tamiyuki Kihara, Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president's long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States.