Japan’s chief trade negotiator Ryosei Akazawa reaffirmed on Tuesday that Tokyo remains committed to seeking the complete elimination of U.S. tariffs in ongoing bilateral trade discussions. Speaking at a regular press conference, Akazawa stated that Japan would not rush into a deal that compromises its national interests.
He specifically criticized U.S. tariffs on automobiles, auto parts, steel, and aluminum, calling them “regrettable,” and emphasized that Japan continues to demand a full review and removal of these trade barriers.
Akazawa noted that working-level talks between the two countries took place in Washington on Monday, but a date for the next ministerial-level meeting has not yet been set.
The negotiations come amid rising pressure following President Donald Trump’s announcement on April 2 of sweeping tariffs—10% on most countries and up to 24% on key trade partners like Japan, set to take effect in July unless an agreement is reached.
Japan, whose auto industry is a critical pillar of its economy, has made clear that it sees little value in a trade agreement unless the 25% tariff on automobile imports is revoked.
While Japan was the first major economy to initiate trade talks with Washington, it has yet to reach a deal, unlike the U.K., which has already secured an agreement. Meanwhile, the U.S. and China recently agreed to a 90-day trade war truce.
Despite firm rhetoric, reports from the Nikkei suggest Japan may soften its stance, possibly accepting tariff reductions instead of full elimination. Sources close to the matter indicate Tokyo is preparing a proposal package that could include increased U.S. agricultural imports, technical cooperation in shipbuilding, and eased inspection standards for U.S. vehicles.


China Adds MP Materials, USA Rare Earth to Export Control List Amid Escalating U.S.-China Trade Tensions
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness
Lula Maintains Lead Over Flavio Bolsonaro Ahead of Brazil’s Presidential Election, Datafolha Poll Shows
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low
Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise
Moscow Downs Dozens of Ukrainian Drones as Airports Halt Flights Amid Escalating Attacks
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets
Pirro Warns of Prosecution for Lincoln Memorial Reflecting Pool Vandalism Amid Renovation Issues
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention
US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim
US Stock Futures Recover as Iran Signals Progress in Peace Talks
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 



