Japan holds firm on demand for US tariff elimination in trade talks, warning against rushed deal

AI Summary

Japan remains firm on its demand for the US to eliminate tariffs in ongoing bilateral trade negotiations. Top trade negotiator Ryosei Akazawa stated Tokyo will not compromise its interests for a quick deal, reiterating their call for the removal of tariffs on automobiles, car parts, steel, and aluminum. While working-level talks recently took place in Washington, the schedule for ministerial-level negotiations remains undecided. Japan's stance contrasts with the UK, which recently reached a trade agreement with the US. Despite initial hopes for a swift resolution, Japan may soften its demands, potentially accepting tariff reductions instead of complete elimination, and exploring concessions like increased US agricultural imports.