No Japan-U.S. Trade Deal at G7 Summit

Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump failed to reach a new trade agreement during their meeting at the G7 summit in Kananaskis, Canada, leaving major issues over U.S. tariffs on Japanese auto imports unresolved. Japanese opposition parties criticized the talks as unproductive, while government officials emphasized ongoing negotiations and a deepening of mutual understanding. The proposed 25% U.S. tariff on autos remains a significant concern for Japan's export-driven economy, with Ishiba insisting on a mutually beneficial deal that does not compromise national interests. The meeting occurred amid broader global tensions, such as the Israel-Iran conflict and ongoing economic challenges. There is ongoing uncertainty about the possible extension of the current 90-day tariff reprieve. Ishiba also highlighted Japan’s role as the only Asian G7 member and discussed broader security and economic issues with other world leaders.