Japan says progress made but no deal yet in tariff talks with US
Japan reported progress in trade talks with the US aimed at easing tariffs imposed by President Trump, but acknowledged they haven't reached an agreement. Japan seeks removal of all tariffs, including those on cars, steel, and aluminum. Trade envoy Ryosei Akazawa stated progress was made during the fifth round of talks, but a deal remains elusive. Japan hopes for a swift resolution, potentially before the G7 summit where Prime Minister Ishiba and Trump are expected to meet. The 25% auto tariffs are particularly concerning for Japan, given the sector's significant contribution to its economy, which recently contracted, adding pressure on Ishiba.
