There are negotiations between Japan and the United States ongoing in Washington, in the first real test if the “Liberation Day” of US President Donald Trump “Editing Day” Definitions It will lead to new commercial deals.
Trump, who is published on social media on Wednesday, looks happy with talks so far. “A great honor to just meet the Japanese delegation to trade. A great progress!” he books In a post on social truth.
Aside from the Trump job, there were few details of Japanese negotiators and the United States. The meeting included US Treasury Secretary Scott Beesen, Trade Minister Howard Lottenic, and Trade Representative Jameson Jarir. The Japanese team, Riosi Akazawa, is led by the Japanese Economic Activation Minister and its large negotiating.
The publicly recognized result of the meeting was for the two sides to meet again.
Akazawa deed Inform Correspondents that no single case was brought up: exchange rates. The Trump administration accused economies like Japan of manipulating their currencies to obtain a trademark.
Can Japan get a commercial deal?
Japan is a major test of the Trump administration’s desire to sign commercial deals with its closest allies and the largest commercial partners. The Asian state, along with South Korea, Australia, the United Kingdom and India, is among the most important priorities of the United States for negotiations, Wall Street Journal I mentioned Earlier this week.
Japanese stocks rose slightly on Thursday, as the standard NIKKEI 225 index rose by 1.35 % by closing the market.
Japanese Prime Minister Chigero Ishiba He said Journalists on Thursday that there are still “gaps between the positions concerned in Japan and the United States”, and they warned that more negotiations would not be easy.
Japan is one of the many Asian countries with the Trump tariff. Even before “Tahrir Day”, Trump’s tariff is 25 % on car imports and steel a major threat to the Japanese economy.
On April 2, Trump slapped a 24 % tariff on all imports from Japan; Send later temporarily for these 90 -day definitions to allow negotiations. As of now, Japanese imports face a 10 % basis tariff, although cars and steel are still getting a tax of 25 % more than that.
In a publication before his meeting with Japan, Trump said he would attend “customs tariffs, the cost of military support and” commercial fairness “.
Other world leaders are likely to monitor the results of Trump negotiations with Japan. Tokyo indicated that he will not make great concessions to the president to obtain a deal.
Meanwhile, Ishiba is on the phone with other world leaders while someone continues to trade in Washington. General broadcaster NHK Reports The Japanese Prime Minister spoke separately with French President Emmanuel Macron and Malaysian Prime Minister Anwar Ibrahim to discuss the best ways to deal with the American tariff.
This story was originally shown on Fortune.com
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