Why Japan abruptly cancelled US trip right before PM Modi’s visit

Japan abruptly cancelled a crucial visit to the U.S. by its top trade negotiator, delaying a massive $550 billion investment deal aimed at securing tariff relief. The move came just hours before Prime Minister Narendra Modi’s two-day visit to Japan for the 15th India-Japan Annual Summit. Disagreements persist over profit-sharing, with Washington claiming 90% of returns while Tokyo insists on mutual benefits. The tariff dispute, cutting rates from 25% to 15%, has already impacted Japan’s exports and forced a downward revision of its growth forecast.

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