US Rejects Japan's Tariff Exemption Request

In a recent development that has caught the attention of international trade observers, the United States has denied Japan's request for a complete exemption from both a 10% "reciprocal" tariff and a country-specific duty. This decision was communicated during high-level talks in Washington, as reported by Kyodo on Monday.

Details of the Negotiations

According to sources familiar with the discussions, Treasury Secretary Scott Bessent and other US officials met with Japan's chief negotiator, Ryosei Akazawa, last week. The American side made it clear that the Trump administration is only willing to discuss the possibility of reducing the 14% country-specific tariff, which is currently suspended until early July.

Future Prospects

During the second round of negotiations, US representatives emphasized their stance: they would consider either extending the 90-day suspension of the tariff or reducing the 14% rate, depending on the progress of the talks. This position underscores the US's firm approach to trade negotiations under the current administration.