Trade negotiators from Japan and the US engaged in discussions over the weekend, with Japan’s top ta
trade negotiators from Japan and the US engaged in discussions over the weekend with Japan’s top tariff negotiator Rayio Akazawa and US commerce secretary Howard Litnik holding a 30-minute phone conversation The talks explored the potential for a trade deal between the two countries following in-person meetings between Akazawa and Litnik and Treasury Secretary Scott Bessant Discussions on Saturday were described as very in-depth by the Japanese government The negotiations aimed at reaching an agreement that would benefit both nations with an eye towards a meeting between Prime Minister Shagaru Ishiba and US President Donald Trump at the Group of Seven Leaders summit Japan is facing the threat of a 24% tariff rate in July if a deal cannot be reached and is particularly concerned about getting exemptions for its automakers from 25% tariffs on automobiles The negotiations are crucial for Japan’s economy and the future relationship between the two countries
Trade negotiators from Japan and the US engaged in discussions over the weekend, with Japan’s top tariff negotiator, Ryosei Akazawa, and US Commerce Secretary Howard Lutnick holding a 30-minute phone conversation. The talks explored the potential for a trade deal between the two countries. Following in-person meetings between Akazawa and Lutnick and Treasury Secretary Scott Bessent, discussions on Saturday were described as “very in-depth” by the Japanese government. The negotiations aimed at reaching an agreement that would benefit both nations, with an eye towards a meeting between Prime Minister Shigeru Ishiba and US President Donald Trump at the Group of Seven leaders’ summit. Japan is facing the threat of a 24% tariff rate in July if a deal cannot be reached, and is particularly concerned about getting exemptions for its automakers from 25% tariffs on automobiles. The negotiations are crucial for Japan’s economy and the future relationship between the two countries.
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