Japanese PM Expresses 'Strong Disappointment' Regarding U.S. Auto Parts Tariff
On Saturday, Japanese Prime Minister Shigeru Ishiba voiced his deep disappointment regarding the implementation of a new 25 percent U.S. tariff on auto parts, which took effect earlier that day.
TroibNews 
Japanese Prime Minister Shigeru Ishiba voiced his considerable disappointment on Saturday regarding the new 25 percent U.S. tariff on auto parts that took effect earlier that day.
Ishiba communicated to reporters that Japan will persist in urging U.S. President Donald Trump's administration to reassess its tariff policies.
Earlier on Saturday, the U.S. administration introduced a new 25 percent tariff on imported auto components, such as engines and transmissions. This move adds to the challenges faced by Japan's vital automotive sector, which has already been affected by the same tariff rate on automobiles that was implemented in early April.
Ishiba noted that Japan is in discussions with the United States concerning "all" U.S. tariffs. This comes in light of reports indicating that the U.S. is reluctant to provide exemptions on duties affecting products, including automobiles and steel.
According to Kyodo News, citing Japanese government sources, the U.S. administration informed Japan during their second round of negotiations held in Washington on Thursday that its primary focus in negotiations with Tokyo would be on reciprocal tariffs, explicitly excluding duties on automobiles, steel, and aluminum.
Japan is not looking to finalize a trade agreement with the U.S. administration unless there is a review of all newly imposed tariffs. Top negotiator Ryosei Akazawa stated this position as he returned to Japan following the ministerial-level talks in Washington.
"We have pressed the United States to reconsider the series of tariffs and we can not reach an agreement if that is not properly addressed in a package," Akazawa, who serves as Japan's economic revitalization minister, remarked to reporters.
Olivia Brown for TROIB News
Ishiba communicated to reporters that Japan will persist in urging U.S. President Donald Trump's administration to reassess its tariff policies.
Earlier on Saturday, the U.S. administration introduced a new 25 percent tariff on imported auto components, such as engines and transmissions. This move adds to the challenges faced by Japan's vital automotive sector, which has already been affected by the same tariff rate on automobiles that was implemented in early April.
Ishiba noted that Japan is in discussions with the United States concerning "all" U.S. tariffs. This comes in light of reports indicating that the U.S. is reluctant to provide exemptions on duties affecting products, including automobiles and steel.
According to Kyodo News, citing Japanese government sources, the U.S. administration informed Japan during their second round of negotiations held in Washington on Thursday that its primary focus in negotiations with Tokyo would be on reciprocal tariffs, explicitly excluding duties on automobiles, steel, and aluminum.
Japan is not looking to finalize a trade agreement with the U.S. administration unless there is a review of all newly imposed tariffs. Top negotiator Ryosei Akazawa stated this position as he returned to Japan following the ministerial-level talks in Washington.
"We have pressed the United States to reconsider the series of tariffs and we can not reach an agreement if that is not properly addressed in a package," Akazawa, who serves as Japan's economic revitalization minister, remarked to reporters.
Olivia Brown for TROIB News
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