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News in English (USA) / 03.05.2025 / 22:00

US-Japan Trade Talks Continue Amid Skepticism and Standoff

In a series of ongoing trade discussions, U.S. Secretary of the Treasury Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer met with Japanese Minister Ryosei Akazawa to address tariffs and trade proposals. While both countries aim for a deal, Japan has expressed significant skepticism, particularly regarding U.S. tariffs on autos and steel. Japanese officials warn that these tariffs could lead to a surge in Chinese imports, with Finance Minister Akazawa indicating potential actions if such a situation develops. The latest round of talks ended inconclusively, prompting Japan to call for a re-evaluation of all tariff measures. As the Japanese government seeks to protect national interests and avoid economic fallout, a consensus remains elusive, with worries that the situation could drive Asian nations closer to China.
U.S. Department of the Treasury (.gov), Reuters, WSJ, The Japan Times, Nikkei Asia, Bloomberg.com, 毎日新聞, South China Morning Post, Hudson Institute, FXStreet