Japan Criticizes US 25% Tariff, Seeks Continued Negotiations

Japanese Prime Minister Shigeru Ishiba expressed regret over U.S. President Donald Trump's decision to impose a 25 percent tariff on Japanese imports starting August 1, describing the move as "truly regrettable" while emphasizing continued negotiations to reach a mutually beneficial trade agreement. The tariff rate, though higher than the initially announced 24 percent reciprocal tariff, is lower than the 30-35 percent Trump had previously threatened, and the new tariff deadline extends the negotiation period. Ishiba highlighted Japan's commitment to protecting its national interests and avoiding easy concessions in the ongoing talks. The tariffs, which also affect South Korea, have caused concern and shock in Asia, with officials from Japan and South Korea preparing responses and discussions with the U.S. government. The announcement has also impacted global markets, causing a slump on Wall Street and a surge in the U.S. dollar against other currencies. Despite these tensions, Japan remains focused on bilateral dialogue and investment cooperation to resolve trade disparities.