Japan Trade Talks Inch Along

No deal without auto tariff relief

Posted 5/30/25

U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick met in Washington, D.C. with Japan’s Economic Revitalization Minister Ryosei Akazawa to advance bilateral trade negotiations. The meeting addressed tariffs, non-tariff measures, investment, and broader economic security issues. Minister Akazawa emphasized Japan’s position that it would not accept any trade agreement unless the United States revisits the 25% tariff imposed on Japanese automobiles, a key export sector.

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