Japan invokes national interest as tariff talks with US struggle
Donald Trump
threatened even higher tariff rates on the Asian ally.
"Japan is different from other countries as we are the largest investor in the United States, creating jobs," Ishiba said in a public debate with opposition party leaders.
"With our basic focus being on investment rather than tariffs, we'll continue to protect our national interest while working to reduce the US trade deficit with Japan," he said.
Trump cast doubt on a possible deal with Japan, indicating that he could impose a tariff of 30% or 35% on Japanese imports -- well above the 24% rate he announced on April 2 and then paused until July 9. Tokyo has yet to secure a trade deal after nearly three months of negotiations.
(This is a Reuters story)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
US stocks hit fresh record highs after strong jobs data
The S&P 500 and the Nasdaq opened at fresh record highs on Thursday after a stronger-than-expected jobs report pointed to resilience in the labor market amid concerns about U.S. President Donald Trump's tariff policies. Tired of too many ads? Remove Ads The S&P 500 and the Nasdaq opened at fresh record highs on Thursday after a stronger-than-expected jobs report pointed to resilience in the labor market amid concerns about U.S. President Donald Trump's tariff Dow Jones Industrial Average rose 81.3 points, or 0.18%, at the open to 44565.75. The S&P 500 rose 19.0 points, or 0.31%, at the open to 6246.46, while the Nasdaq Composite rose 104.5 points, or 0.51%, to 20497.663 at the opening bell.
&w=3840&q=100)
First Post
24 minutes ago
- First Post
'Encouraging': Musk mocks Trump as approval rating falls to all-time low
As US President Donald Trump's approval rating has fallen to an all-time low, Elon Musk has called it an 'encouraging' sign. He previously threatened to launch a new political party to remove all those from office who supported the 'One Big Beautiful Bill'. read more US President Donald Trump talks to the media, next to Tesla CEO Elon Musk with his son X Æ A-12, at the White House in Washington, DC, US, March 11, 2025. (Photo: Reuters) Amid their ongoing feud, billionaire Elon Musk has welcomed the declining approval rating of US President Donald Trump. Trump's approval rating has fallen to an all-time low of 40 per cent. Musk said in a post on X that the fall was 'encouraging'. The remark comes at a time when Musk and Trump have sparred again over the 'One Big Beautiful Bill'. As Musk has continued to condemn the bill over trillions of dollars that it would add to the federal deficit, Trump has threatened to deport Musk — who emerged as his principal political partner last year until their public fallout last month. STORY CONTINUES BELOW THIS AD As his immigration policies have triggered mass protests and trade policies have slowed economic growth forecasts, Trump's approval among Americans fell to 40 per cent in June from 44 per cent in March, according to a Yahoo News/YouGov survey conducted on June 26-30. More Americans now disapprove than approve Trump's immigration agenda — his strongest area. From 44 per cent disapproval in March, Trump's disapproval rating on immigration rose to 46 per cent in April, 48 per cent in May, and 52 per cent in June — with just 44 per cent Americans approving it. While Musk has occasionally continued to praise Trump, he has completely turned against him on economy and trade. He said that all those supporting the 'One Big Beautiful Bill' 'should hang their head in shame'. He said he would launch a new political party to take on the Republicans if the bill would pass. 'If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a voice,' said Musk in a post on X. In response, Trump threatened to deport Musk and cut his government subsidies. When asked by a reported whether he would deport Musk, Trump replied, 'We'll have to take a look.' STORY CONTINUES BELOW THIS AD Trump further said, 'We might have to put Doge on Elon. You know what Doge is? The monster that might have to go back and eat Elon. Wouldn't that be terrible? He gets a lot of subsidies.'
India.com
25 minutes ago
- India.com
Pakistan to betray Iran and make friendship with Israel? Islamabad says this on joining Abraham Accord
Pakistan PM Shehbaz Sharif Pakistan to betray Iran? The recent decade has seen many Islamic countries of the world including UAE, Bahrain, Sudan and Morocco improving their relations with Israel. In the historic development, many Muslim countries signed the Abraham Accord, brokered by the United States of America, led by US President Donald Trump. However, Pakistan has been one of the rare Muslim countries which has never shown any positivity towards Israel. However, media reports are now talking about the increasing international pressure on Pakistan to join the Abraham Accords. Here are all the details you need to know about Pakistan's recent stand on Israel. Amid the reports of Pakistan joining Israel, Pakistan Defence Minister Khawaja Asif has said that Pakistan will only consider signing the Abraham Accords if a sovereign Palestinian state with Jerusalem as its capital is ensured. Maintaining the position on Israel, Foreign Minister Ishaq Dar has also firmly rejected recognizing Israel until the two-state solution is implemented. Readers must note that Iran and Israel recently engaged in a military conflict and if Pakistan accepts Israel, it will be like betraying Iran. EAM Jaishankar reacts on Pakistan issue in India-US relations In another significant development relating to Pakistan, External Affairs Minister (EAM) S. Jaishankar dismissed the notion that Pakistan impinges on the relations between the US and India, which are based on their complementarity and not on third countries. He also dismissed the claims of US President Donald Trump that he forged the ceasefire between the two neighbours after Operation Sindoor, saying the record speaks for itself. 'I would really urge you to get over the idea that we need to define ourselves regarding third countries in order to forge ahead' in ties with the US, EAM Jaishankar told a questioner who asked if there was a change in the relations because of Pakistan. 'Big relationships are not forged in terms of third countries and where they fit,' he emphasised. (With inputs from agencies)
