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Countries want to make deals over tariffs.
Donald Trump revealed that he will attend a meeting with Japan to negotiate “Tariffs, the cost of military support, and TRADE FAIRNESS.”
Japan is coming in today to negotiate Tariffs, the cost of military support, and “TRADE FAIRNESS.” I will attend the meeting, along with Treasury & Commerce Secretaries. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!
Japan was hit with a 24% tariff, which is currently 10% due to the 90-day pause.
Japan has been hit with 24% levies on its exports to the United States although these rates have, like most of Trump’s tariffs, been paused for 90 days. But a 10% universal rate remains in place as does a 25% duty for cars, a mainstay of Japan’s export-reliant economy.
Tokyo’s top trade negotiator, Ryosei Akazawa, will meet Trump’s Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for discussions that could also address energy projects and the thorny issue of exchange rates.
Art of the deal.