
Japan, US Start Tariff Talks Amid Reports on Cars, Rare Earths
Japan and the US have begun the latest round of trade negotiations, with media reports suggesting Tokyo's delegation is trying to win a reprieve from the tariffs by pledging to make more cars in the US and enhancing cooperation on rare earths.
Japan's top trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick on Thursday in Washington, exchanging specifics on non-tariff barriers, expanding trade and cooperating on economic security, Japan's cabinet secretariat said in a release. Akazawa is expected to return to Japan Sunday after finishing what could be the last round of working discussions before Group of Seven leaders convene for a summit in Canada later this month.
Hashtags

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

Wall Street Journal
40 minutes ago
- Wall Street Journal
Bearishness Among Individual Investors Hits Lowest Level Since January
Individual traders are feeling less gloomy, with stocks bouncing back from the tariff-driven selloff in April. Bearishness, or the expectation that stock prices will fall over the next six months, fell to 33.6%. That is the lowest level since January, according to the latest weekly survey by the American Association of Individual Investors.


CBS News
an hour ago
- CBS News
Trump clears U.S. Steel sale to Nippon Steel, but details of merger still unclear
Trump announces 50% steel tariffs as Nippon deal sparks hope for U.S. jobs President Trump on Friday cleared the way for Japan-based Nippon Steel to acquire U.S. Steel, though key details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear. The president signed an executive order that says Nippon can buy the iconic Pittsburgh-based steelmaker as long as both parties sign a "national security agreement." The terms of that agreement are not clear. This is a developing story; it will be updated.
Yahoo
3 hours ago
- Yahoo
Trump and Japan PM discuss tariffs, Israel's attacks against Iran
By Kanishka Singh WASHINGTON (Reuters) -Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump held a phone call on Friday in which they discussed tariffs and Israel's attacks against Iran, the Japanese foreign ministry said. WHY IT'S IMPORTANT Trump has sought to leverage his tariff threats to strike bilateral trade deals with many countries, including U.S. ally Japan. Japan will remain steadfast in its request for a review of U.S. tariffs and would not accept a partial agreement, Tokyo's chief tariff negotiator Ryosei Akazawa said on Friday. On the diplomatic front, the two leaders agreed remain in close communication on Israel's strikes against Iran that began late on Thursday U.S. time and on Friday Middle East and Asia time. Japan has condemned Israel's strikes by calling them escalatory while the U.S. has called those a form of "unilateral action" and said Washington was not involved. KEY QUOTES "Prime Minister Ishiba reiterated Japan's views on the U.S. tariff measures, taking into account the results of the Japan-U.S. Consultations on the U.S. Tariff Measures to date," the Japanese foreign ministry said. It added that the two leaders "concurred to accelerate the consultations between the ministers in charge in order to achieve a mutually beneficial agreement." A White House official confirmed from the U.S. side the call had taken place on Friday. The Japanese foreign ministry added that the two leaders agreed on the importance of peace and stability in the Middle East. CONTEXT Trump and Ishiba are expected to meet in Canada on the sidelines of the Group of Seven meeting next week.