
Japan, US still far from tariff deal after Ishiba-Trump summit
BANFF, Canada (Kyodo) -- Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump made little headway in bridging gaps over tariffs at their summit on Monday, casting doubt on the prospect of a quick yet "mutually beneficial" package deal that can protect Japan's all-important auto sector.
After sitting down with Trump for 30 minutes in Canada's Rockies, Ishiba said any potential deal should serve the interests of both Japan and the United States, and that bilateral ministerial talks will continue to seek such an agreement.
The meeting, held on the fringes of the Group of Seven leaders' summit in Kananaskis, gave a glimpse into the difficulty faced by the longtime allies in meeting halfway as Trump's imposition of tariffs on everything from cars and auto parts to steel and aluminum has raised concerns about the export-driven Japanese economy.
While the United States has given Japan and other countries a 90-day reprieve from what it calls "reciprocal" tariffs, Ishiba did not say whether he and Trump discussed the possibility of an extension, after Washington hinted that the pause can be extended for trading partners engaged in negotiations in "good faith."
"We have yet to reach a deal as a package because we remain apart over certain aspects," Ishiba told reporters after what he described as "candid" discussions with Trump.
Among the hiked import duties, a 25 percent tariff on autos is seen as a sticking point. The auto sector forms the backbone of the Japanese economy and the United States is a critical market for the likes of Toyota Motor Corp.
Those Japanese automakers, however, have been ramping up investment and production in the United States over the years, a point that the Japanese side has been seeking to get across to Trump.
Through rounds of ministerial negotiations, Japan has been urging the United States to rethink the tariff policy, implemented to rectify what Trump sees as imbalanced trade.
Trump told reporters after his second face-to-face summit with Ishiba that it went "well," without elaborating.
Trump, whose use of tariffs symbolizes his "America First" agenda, had indicated there could be a "few new trade deals" in the offing. But he did not say whether they could include one with Japan.
In a show of the importance both leaders attach to bilateral relations, Ishiba and Trump spoke by phone four times since their first meeting as tariff negotiations led by their ministers continued.
Trump, who is known for his unpredictability, effectively approved the takeover of United States Steel Corp. by Nippon Steel Corp. in a dramatic turn of events just days before the leaders were to meet at the two-day G7 gathering in Kananaskis.
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