Japan's Stance on US Auto Tariffs

In a recent interview aired on Fuji News Network, Japanese Prime Minister Shigeru Ishiba vehemently criticized the proposed US auto tariffs, labeling them as "absolutely unacceptable". This strong statement highlights the escalating tensions between Japan and the United States during their ongoing ministerial trade discussions.

Resistance from Washington

Reports indicate that the United States has been hesitant to grant Japan an exemption from the new import duties. This reluctance has been a significant point of contention, as Japan seeks to avoid the potential economic repercussions of these tariffs.

The Proposed Tariff Scheme

According to Kyodo News, the US is considering a 10% reciprocal tariff scheme that would affect automobiles and steel imports. The lack of exceptions for Japan under this scheme has further strained the trade relations between the two nations.