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'Tough' Japan under pressure as Trump threatens higher tariff
'Tough' Japan under pressure as Trump threatens higher tariff

Nikkei Asia

timea day ago

  • Automotive
  • Nikkei Asia

'Tough' Japan under pressure as Trump threatens higher tariff

Japan's insistence that sectoral tariffs on automobiles and other sectors be abolished has complicated negotiations. © Kyodo RYOHEI YASOSHIMA and RIEKO MIKI WASHINGTON/TOKYO -- U.S. President Donald Trump's talk of imposing a tax as high as 35% on Japanese goods has put Japan in damage control mode and may force it to back down from its call to eliminate all additional tariffs. Japanese Prime Minister Shigeru Ishiba was pressed about his response to Trump's hard line on Wednesday by Constitutional Democratic Party leader Yoshihiko Noda at a party leaders' debate hosted by the Japan National Press Club.

Japan faces '30%-35%' tariff as Trump doubts deal by deadline
Japan faces '30%-35%' tariff as Trump doubts deal by deadline

Nikkei Asia

time2 days ago

  • Automotive
  • Nikkei Asia

Japan faces '30%-35%' tariff as Trump doubts deal by deadline

U.S. President Donald Trump speaks to reporters aboard Air Force One on July 1. © Reuters RYOHEI YASOSHIMA WASHINGTON -- U.S. President Donald Trump said Tuesday that he doubts a trade deal with Japan can be reached before the July 9 deadline, adding he is considering raising tariffs on Japanese imports to 30% or 35%. Speaking to reporters aboard Air Force One, Trump criticized Japan for not accepting imports of U.S. rice, as well as the imbalance in auto trade between the two countries.

Trump says with trade deal unlikely, Japan faces tariffs of '30%-35%'
Trump says with trade deal unlikely, Japan faces tariffs of '30%-35%'

Nikkei Asia

time2 days ago

  • Automotive
  • Nikkei Asia

Trump says with trade deal unlikely, Japan faces tariffs of '30%-35%'

U.S. President Donald Trump speaks to reporters aboard Air Force One on July 1. © Reuters RYOHEI YASOSHIMA WASHINGTON -- U.S. President Donald Trump said Tuesday that he doubts a trade deal with Japan can be reached before the July 9 deadline, adding he is considering raising tariffs on Japanese imports to 30% or 35%. Speaking to reporters aboard Air Force One, Trump criticized Japan for not accepting imports of U.S. rice, as well as the imbalance in auto trade between the two countries.

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