Trump threatens Japan with up to 35pc tariff, says trade deal unlikely before July 9
Speaking to reporters aboard Air Force One, Trump criticised Japan's reluctance to accept imports of US rice, as well as the imbalance in auto trade between the two countries.
'I'm not sure we're going to make a deal,' Trump said. 'I doubt it with Japan, they're very tough.'
While Trump imposed a sweeping 10 per cent tariff on imports from most trading partners in April, he unveiled — then paused — higher rates on dozens of economies to allow room for negotiations.
This pause expires July 9, meaning the elevated rates are due to kick in next week if countries fail to reach agreements with Washington to avert them.
To date, only two pacts have been announced. One was a broad framework with Britain and the other a deal to temporarily lower steep tit-for-tat duties with China.
Trump said he was going to write a letter to Japan, asking them to 'pay a 30 per cent, 35 per cent or whatever the number is that we determine' because of the 'big trade deficit' with Tokyo.
'It's very unfair to the American people,' he said.
Japan, a key US ally and its biggest investor, is subject to the same 10 per cent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.
Ryosei Akazawa, Tokyo's trade envoy, told Japanese reporters in Washington last month that some progress had been made during a fifth round of talks with the United States.
However, he added: 'We've not been able to find a point of agreement yet'. — AFP
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Malay Mail
34 minutes ago
- Malay Mail
Trump's US$3.4t tax-and-spend bill faces resistance in divided House
WASHINGTON, July 3 — Republicans in the House of Representatives on Wednesday struggled to pass President Donald Trump's massive tax-cut and spending bill as a handful of hardliners withheld their support over concerns about its cost. As lawmakers shuttled in and out of closed-door meetings, House Speaker Mike Johnson said he was trying to convince the holdouts to back Trump's signature bill, telling reporters, 'We're planning on a vote today.' With a narrow 220-212 majority, Johnson can afford no more than three defections from his ranks, and skeptics from the party's right flank said they had more than enough votes to block the bill. 'He knows I'm a 'no.' He knows that I don't believe there are the votes to pass this rule the way it is,' Republican Representative Andy Harris of Maryland, leader of the hardline Freedom Caucus, told reporters. Trump, who is pressing lawmakers to get him the bill to sign into law by the July 4 Independence Day holiday, met with some of the dissenters at the White House. But with the outcome uncertain, Republican leaders delayed a procedural vote for hours as they worked to shore up support. The Senate passed the legislation, which nonpartisan analysts say will add US$3.4 trillion to the nation's US$36.2 trillion in debt over the next decade, by the narrowest possible margin on Tuesday after intense debate on the bill's hefty price tag and US$900 million in cuts to the Medicaid healthcare program for low-income Americans. Representative Lisa McClain, who chairs the House Republican Conference, told Reuters she expected her colleagues to work through procedural votes and bring the bill to a vote before the full House on Wednesday night. 'I think we'll put it on the floor tonight. It may be 10 or 11 o'clock,' McClain said. Democrats are united in opposition to the bill, saying that its tax breaks disproportionately benefit the wealthy while cutting services that lower- and middle-income Americans rely on. The nonpartisan Congressional Budget Office estimated that almost 12 million people could lose health insurance as a result of the bill. 'This bill is catastrophic. It is not policy, it is punishment,' Democratic Representative Jim McGovern said in debate on the House floor. Trump effect Republicans in Congress have struggled to stay united in recent years, but they also have not defied Trump since he returned to the White House in January. Representative Chip Roy of Texas was leading three holdouts who have raised concerns about increasing the deficit and high levels of spending. Asked why he expects the bill to pass, Republican Representative Derrick Van Orden told reporters: 'Because 77 million Americans voted for Donald Trump, not Chip Roy. That's why.' Any changes made by the House would require another Senate vote, which would make it all but impossible to meet the July 4 deadline. The legislation contains most of Trump's top domestic priorities, from tax cuts to immigration enforcement. The bill would extend Trump's 2017 tax cuts, cut health and food safety net programs, fund Trump's immigration crackdown, and zero out many green-energy incentives. It also includes a US$5 trillion increase in the nation's debt ceiling, which lawmakers must address in the coming months or risk a devastating default. The Medicaid cuts have also raised concerns among some Republicans, prompting the Senate to set aside more money for rural hospitals. — Reuters


New Straits Times
38 minutes ago
- New Straits Times
Ukraine stunned as US halts key weapons deliveries
KYIV: Ukraine appealed to the United States for clarity on Wednesday after it was caught off-guard by a White House announcement that Washington was halting some arms shipments to the war-battered country. The Ukrainian defence ministry, which is deeply dependent on US arms, said it had not been prior notified about the reduction in aid announced one day earlier. Moscow revelled in the decision, saying that it could bring the end of the war closer. Any slowdown in US support could harm Kyiv's ability to fend off escalating Russian aerial bombardments or frontline gains. Kyiv has long feared halts to US aid after Donald Trump returned to the White House in January, having criticised the tens of billions of dollars in support and weapons sent by his predecessor, Joe Biden. Ukrainian President Volodymyr Zelenskyy said in an evening address that Kyiv and Washington were clarifying details on supplies. "Continued American support for Ukraine, for our defence, for our people is in our common interest," he said. Washington's announcement prompted fear among Kyiv residents and warnings from experts that Ukrainian cities would be much more vulnerable to Russian air attacks. The US-made Patriot is now "a critical weapon which is impossible to get from Europe" and which Ukraine cannot substitute for now, said researcher Mykhailo Samus, director of the New Geopolitics Research Network, a Kyiv think tank. "Russian missiles will destroy Ukrainian cities" if Kyiv loses the ability to use Patriots, Samus told AFP. "It will be even more scary, even more painful, and even more civilians will suffer" if weapons supplies are reduced, Kyiv resident Yevgenia Prysiazhna told AFP, pointing to an increase in overnight drone and missile attacks on Ukraine. "I really hope that this is a temporary decision," the communications manager said. The foreign ministry summoned John Ginkel, the deputy chief of mission at the US embassy in Kyiv, in a rare diplomatic move that is usually reserved for foes and rivals, not vital allies, such is the uncertainty about what the cuts would mean for Kyiv. Politico and other US media reported that missiles for Patriot air defence systems, precision artillery and Hellfire missiles are among the items being held back. The White House had said that it was halting some key weapons shipments promised by the previous US administration, without elaborating. Under Biden, Washington spearheaded Western support for Ukraine, with Congress having approved more than US$100 billion in aid, including US$43 billion in weaponry. Trump instead has pushed the two sides into peace talks, including in phone calls with Russian President Vladimir Putin – who rejected pleas for a ceasefire and demanded that Ukraine cede more territory if it wants Moscow to halt its invasion, which was launched in 2022. The US president has refused to announce new aid packages and Kyiv has been corralling Washington's European allies to step up their support. Kyiv remains "seriously dependent" on US arms supplies, a high-ranking source in the Ukrainian military told AFP. "Europe is doing its best, but it will be difficult for us without American ammunition," the source added. A May report by the Centre for Strategic and International Studies (CSIS) said that Europe "had only made limited progress" in strengthening its defence industries. But it said that "continued US aid remains extremely important for Ukraine's long-term effectiveness on the battlefield." In Moscow, the Kremlin said that reducing weapons deliveries to Kyiv would help end the conflict. "The fewer the number of weapons that are delivered to Ukraine, the closer the end of the special military operation," Kremlin spokesman Dmitry Peskov told reporters in response to a question by AFP, using Russia's term for its more than three-year-long offensive. The White House told AFP in an email that the decision to reduce shipments was taken following a "review of our nation's military support and assistance to other countries." Kyiv said that it was caught off-guard by the move. The defence ministry said that the country had "not received any official notifications" on the issue. Russia ramped up attacks on Ukraine in June, launching nearly twice as many missiles and more than 30 per cent more drones than in May, according to an AFP analysis of Ukrainian air force data. Kyiv was in June subjected to at least four fatal attacks that left more than 40 people dead. Its residents are worried that a cessation of US aid would leave the capital even more vulnerable. "We had gotten used to seeing America as a country of values, a country that defends democracy," Igor Stambol, a Kyiv resident, told AFP. "But there is hope that they will remember their values," the 36-year-old added.--AFP


New Straits Times
an hour ago
- New Straits Times
US Senator demands bribery probe into Trump-Paramount US$16mil settlement
WASHINGTON: A US senator renewed calls Wednesday for a bribery investigation into Paramount following its US$16 million settlement with President Donald Trump over a lawsuit the entertainment giant initially described as meritless. The president had sued the CBS News parent company for US$20 billion, claiming the "60 Minutes" programme had deceptively edited an interview with his 2024 election rival Kamala Harris in her favour. The suit is described by Trump's critics as part of a broader assault on press freedom that has seen him bar The Associated Press from the Oval Office and sue other media organisations over their coverage. Paramount nevertheless entered into mediation in a bid to placate Trump, as it seeks to close its US$8 billion merger with the entertainment company Skydance, which needs federal government approval. "With Paramount folding to Donald Trump at the same time the company needs his administration's approval for its billion-dollar merger, this could be bribery in plain sight," said Massachusetts Senator Elizabeth Warren, a Democrat. "Paramount has refused to provide answers to a congressional inquiry, so I'm calling for a full investigation into whether or not any anti-bribery laws were broken." Warren was among three senators who wrote to Paramount Global Chair Shari Redstone in May with bribery concerns over the company's efforts to settle the suit, calling for a congressional probe. Republicans control both chambers of Congress, limiting the power of Democrats to investigate or compel answers from witnesses. The senators' letter came after CBS News head Wendy McMahon and "60 Minutes" executive producer Bill Owens quit over Paramount's handling of the showdown with Trump. The company initially called the suit "completely without merit" and sought to have it dismissed. It said in a statement to AFP the US$16 million would go toward Trump's future presidential library rather than to him personally, and added that the settlement did not include an apology. "Companies often settle litigation to avoid the high and somewhat unpredictable costs of legal defence, the risk of an adverse judgment that could result in significant financial or reputational damage, and the disruption to business operations that prolonged legal battles can cause," it added. But US senator Bernie Sanders, a co-signatory of Warren's letter to Paramount, accused the company of emboldening Trump in his attacks on the media for the sake of its bottom line. "It's pretty obvious why Paramount chose to surrender to Trump," he said in a statement. "The Redstone family is in line to receive US$2.4 billion from the sale of Paramount to Skydance, but they can only receive this money if the Trump administration approves this deal." Trump accused CBS of airing two different snippets from the same answer that Harris, then vice president, gave about Israel, to help her in her election campaign. Legal experts have argued that the lawsuit would have been an easy victory in court for CBS, which made public an unedited transcript of the Harris interview. And media watchers have pointed out that Trump routinely takes part in interviews that are edited for all manner of reasons, often in his favour. ABC News, owned by Disney, agreed to donate a similar amount to the Trump presidential library in its own settlement with the president late last year. Trump had contended that star ABC anchor George Stephanopoulos had defamed him by asserting that Trump had been found liable for rape in a civil lawsuit brought by writer E. Jean Carroll, when he was found liable for sexual abuse. Jameel Jaffer, executive director of the Knight First Amendment Institute at Columbia University, called the Paramount settlement "a sad day for press freedom." "This was a frivolous lawsuit and the payment being described as a 'settlement' bears no relation to Paramount's actual legal exposure in the case, which was negligible," he said in a statement. "Paramount should have fought this extortionate lawsuit in court, and it would have prevailed." --AFP