Japan PM Defends National Interests Amid US Tariff Threats, Election Pressure
Japan PM Defends National Interests Amid US Tariff Threats, Election Pressure

Japan PM Defends National Interests Amid US Tariff Threats, Election Pressure

News summary

Japanese Prime Minister Shigeru Ishiba has emphasized the need to protect Japan's national interests amid ongoing trade negotiations with the United States, which are currently strained by threats from U.S. President Donald Trump to impose higher tariffs on Japanese imports. Ishiba highlighted Japan's significant role as the largest investor in the U.S., creating jobs, and stressed a focus on investment rather than tariffs. Despite nearly three months of negotiations, Japan has yet to secure a trade deal, particularly struggling to obtain exemptions for its automakers from existing 25% tariffs, which have impacted its manufacturing sector. Trump has indicated the possibility of raising tariffs to 30% or 35%, escalating pressure on Japan ahead of a key upper house election on July 20. Japan's tariff negotiator, Ryosei Akazawa, is reportedly planning another visit to the U.S. to continue talks. Ishiba also noted that Japan would respond to potential declines in auto sales to the U.S. by boosting domestic demand and diversifying export markets to protect its industries.

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