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Negotiations between Japan and the United States continue in Washington, US President Donald Trump’s first real test “Freedom Day” tariffs will lead to a new trading deal.
TRUMP, on Wednesday, sending social media to social media, so far looks satisfied. “It is a great honor to get acquainted with the Japanese delegation of trading. Great progress!” o write Truth in a social article.
In addition to Trump’s post, there were several details from Japanese and US talks. The meeting was the US Treasury Secretary Scott Bessent, Trading Secretary Howard Lutnick and Trade Representative Jamieson Greer. On the Japanese side of Ryosei Akazawa, the Minister of Economic Revival and his head tariffs.
The meeting was scheduled to meet again, only the two sides, which were a clear result.
Akazawa did tell Journalists in which a problem is not raised: Rate rates. Trump management blamed Japan economies from Japan to manipulate currencies to gain a preference in trade.
Can Japan get a trade deal?
Japan is the main test to sign trading deals with their closest allies and the largest trading partners. Asian country, South Korea, Australia, England and India, are among the most priorities for the United States to negotiate Wall Street Journal declare This week is earlier.
Japanese shares rose slightly on Thursday, Benchmark Nikkei 225 index increased by 1.35% by closing the market.
Japanese Prime Minister Shigeru Ishiba tell On Thursday, journalists still warned that “gaps among the relevant positions of Japan and the United States” and even more talks will not be easy.
Japan is one of the few Asian countries, which has the best of Trump’s tariffs. Even in the “Freedom Day”, 25% of Trump’s auto and steel imports posed a significant threat to the Japanese economy.
On April 2, Trump hit 24% tariffs for all imports from Japan; Subsequently, these tariffs for allowing the negotiations for 90 days. From today, Japanese imports face a basic 10% tariff, although the cars and steel still take 25% tax on it.
Trump in a post before meeting with Japan Trump “Tariffs, the value of military support and” trade justice “.
Other world leaders are likely to follow Trump’s consequences with Japan. Tokyo pointed out that he would not offer great concessions to the President to reach an agreement.
Meanwhile, the businessman in trade is on the phone with other world leaders while working in Washington. Public Broadcast NHK report Japanese Prime Minister President Emmanuel said Macman and Malaysia Prime Minister Anwar Ibrahim will discuss how he will fight the US tariffs.
This story was first displayed Fortune.com
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