Latest news with #USJapanRelations
South China Morning Post
a day ago
- Business
- South China Morning Post
Trump closes ‘massive' trade deal with Japan with 15% tariffs
Read more on this: President Donald Trump on Tuesday said the US and Japan have struck a deal that will lower the hefty tariffs he had threatened to impose on goods from its Asian ally while extracting commitments for Tokyo to invest US$550 billion in the US and open its markets to American goods.
Yahoo
6 days ago
- Business
- Yahoo
US Treasury Secretary Bessent, Japan PM Ishiba Meet on Trade
Japanese Prime Minister Shigeru Ishiba speaks after meeting with US Treasury Secretary Scott Bessent in Tokyo on Friday. Sign in to access your portfolio
The Standard
6 days ago
- Business
- The Standard
US Treasury's Bessent says good tariff deal with Japan still possible
Japanese Prime Minister Shigeru Ishiba shakes hands with U.S. Treasury Secretary Scott Bessent, before their meeting at the prime minister's office in Tokyo, Japan, Friday, July 18, 2025. Shuji Kajiyama/Pool via REUTERS
Russia Today
14-07-2025
- Business
- Russia Today
US-Japan relations undergoing era-defining crisis
Relations between the US and Japan, America's key ally in the Asia-Pacific region, are experiencing one of the worst crises in decades, with potentially far-reaching ramifications, the Financial Times reported on Monday. Aside from deep economic ties, Japan hosts dozens of US military bases, which account for much of Washington's presence in the vicinity of its key rival, China. The newspaper cited several unnamed senior officials on both sides of the Pacific as warning of a 'fundamental fragility,' highlighted by US President Donald Trump's treatment of Japan with regard to tariffs earlier this month. The media outlet's sources reportedly predicted that an 'era-defining reset is now inevitable.' The publication quoted Christopher Johnstone, a former White House official who currently works for The Asia Group consultancy, as suggesting that the 'challenges go deeper than any single figure in the administration.' He claimed that there is a growing impression among Japan's leadership that 'for the Trump team, nothing is sacred and everything is transactional.' Rahm Emanuel, who served as US ambassador to Japan under President Joe Biden, told the FT that the ongoing rift over trade could also have implications for the Asia-Pacific region's security architecture. The media outlet noted that President Trump's latest remarks concerning Japanese Prime Minister Shigeru Ishiba were far chillier than statements he made just a few months earlier. The FT pointed out that, in issuing blanket trade terms without differentiating between Japan and countries generally considered to be lesser partners for Washington, Trump essentially snubbed a major ally. According to the report, while the US president had expected the Japanese prime minister to 'be a relatively easy partner' in trade talks, Ishiba had sought a total tariff exemption – a mutual misjudgment that has supposedly left both dissatisfied. In a series of posts on his Truth Social platform last Monday, the US president announced the imposition of new 25% tariffs on Japan, along with several other nations. Trump claimed that economic ties with Tokyo had 'been, unfortunately, far from Reciprocal.'
Reuters
12-07-2025
- Business
- Reuters
Japan PM Ishiba urges less US dependence as Tokyo faces new tariffs
TOKYO, July 10 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Thursday his country needed to wean itself from U.S. dependence in such key areas as security, food and energy, as Tokyo faces the prospect of new U.S. tariffs in three weeks. "If they think Japan ought to follow what America says as we depend heavily on them, then we need to work to become more self-sufficient in security, energy and food, and less dependent on America," Ishiba told a TV news programme. He made the comment when asked about his remark, made during his stump speech on Wednesday, that tariff negotiations with the United States were a "battle in which national interest is at stake. We won't be taken lightly". Trump notified Ishiba on Monday that Washington would impose tariffs of 25% on Japanese imports from August 1, but hinted at opportunities for additional negotiations.
