On July 1, 2025, trade negotiations between the United States and Japan intensified, with a critical deadline of July 9 approaching. The talks are crucial for global trade.
The U.S. has a temporary suspension of tariffs on Japanese imports ending July 9. This includes a 25% levy on automobiles and a 24% duty on other goods. Japan's trade negotiator, Ryosei Akazawa, opposes the tariffs.
U.S. Treasury Secretary Scott Bessent warned of higher tariffs for countries without agreements. President Donald Trump criticized Japan's rice import policies, which have tariffs over 200%. The outcome will affect bilateral relations and the global economy. (Source: Reuters, Time)