Japan is seeking assurances from the United States that Tokyo will not be put at a disadvantage under new tariff measures being considered by Washington, and that Japanese goods will not be subject to a potential 15% tariff.
Japan’s Minister of Economy, Trade and Industry Ryusei Akazawa confirmed yesterday (Friday) that he had submitted the request during a two-hour meeting in Washington with US Secretary of Commerce Howard Lutnick, and explained that he had explained the details to reporters after the meeting.
These moves come after the US Supreme Court in February struck down some major tariffs imposed by US President Donald Trump, prompting the US to impose new blanket tariffs of 10%, which could rise to 15%.
The decision increased global uncertainty over trade agreements signed last year and the level of tariffs importers now face.
Akazawa explained that the two governments confirmed their commitment to the trade agreement signed last year, which imposes a 15% basic tariff on most Japanese imports.
Japan has sought guarantees from the United States that Tokyo would not be disadvantaged under new tariff measures being considered by Washington, and has opposed a possible 15% tariff on Japanese goods.
Japan’s Minister of Economy, Trade and Industry, Yoshi Akazawa, confirmed yesterday (Friday) that he had made the request during a two-hour meeting in Washington with US Secretary of Commerce Howard Lutnick, and explained that he had explained the details to reporters after the meeting.
The move comes after the US Supreme Court in February overturned some large tariffs imposed by President Donald Trump, prompting the US to impose new blanket tariffs of 10%, which could rise to 15%.
The decision increases global uncertainty over trade agreements signed last year and the level of tariffs importers now face.
Akazawa said the two governments reaffirmed their commitment to the trade deal agreed last year, which imposes a 15% basic tariff on most Japanese imports.
