Tokyo Calls on US to Ensure Japan Not Worse Off With New Tariffs

Japanese Trade Minister Ryosei Akazawa called on the US to ensure that new tariff measures would not leave Tokyo with tougher conditions than those agreed in last year’s trade deal, during a call with Commerce Secretary Howard Lutnick.

Following the rapid changes in US tariffs in recent days, Akazawa and Lutnick agreed that Japan and the US would continue to work closely to ensure the swift and smooth implementation of projects that are part of a $550 billion investment mechanism, during the call on Monday evening. The two spoke for about 40 minutes, according to a statement from Japan’s trade ...