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Strategies & Market Trends : World Outlook

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To: Les H who wrote (45785)	5/5/2025 7:54:22 AM
From: Les H	Read Replies (1) of 50616

Japan Presses U.S. to Scrap 25% Auto Tariffs as Ishiba Refuses Partial Trade Deal; No Deal Without ‘Total Rollback’ Akazawa likewise told the press that Tokyo “has consistently requested a total rollback of the tariff package, and [the two countries] cannot reach an agreement unless that element is included.” The United States has limited the scope of the ministerial talks to the extra “reciprocal tariff” surcharge — 14% for Japan — and excluded the additional levies on automobiles, steel and aluminum, materials which Tokyo regards as essential. Unlike the reciprocal tariffs, the automotive duty is a flat 25% rate applied equally to every country, and it is said that Washington will not grant Japan special treatment. Automobiles, however, are Japan’s core industry, with an extensive supply chain for parts makers, and leaving the tariffs in place could cause the entire Japanese economy to stall. On Saturday, Ishiba ordered Akazawa and other officials to plan their negotiating strategy “swiftly and meticulously.” link

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