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Shigeru Ishiba: Progress Made in Trade Talks with US; Negotiations to Continue
US President Donald Trump said that a 25% tariff will be imposed on Japan starting 1 August. Japanese Prime Minister Shigeru Ishiba responded that he has received a letter from the...
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Shigeru Ishiba: Progress Made in Trade Talks with US; Negotiations to Continue
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US President Donald Trump said that a 25% tariff will be imposed on Japan starting 1 August.

Japanese Prime Minister Shigeru Ishiba responded that he has received a letter from the US regarding the new tariff rate, and was “very sorry” about it. Ishiba instructed relevant officials to continue negotiations with the US in order to reach a bilateral trade agreement that would be beneficial to both countries.

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Although the two countries have not yet reached an agreement, some progress has been made in the negotiations to prevent the US from hiking the tariff rate to about 30% or 35%, Ishiba added.

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