WASHINGTON: Tokyo’s envoy for United States tariff talks in Washington mentioned on Thursday (Could 1) that the second spherical of negotiations between the 2 nations had been “frank and constructive”.
Japan, a key US ally and its largest investor, is topic to the identical 10 per cent baseline tariffs imposed on most nations plus steeper levies on vehicles, metal and aluminum.
“We had been capable of transfer ahead in frank and constructive discussions to succeed in a mutually useful settlement as quickly as doable,” Ryosei Akazawa advised reporters.
“We had been capable of advance concrete discussions on, for instance, increasing commerce between our two nations, non-tariff measures and financial and safety co-operation.”
Akazawa mentioned he had “strongly proposed” to US Treasury Secretary Scott Bessent and different officers a overview of President Donald Trump’s sweeping levies on commerce companions.
Trump, in early April, introduced “reciprocal” tariffs on Japan of 24 per cent, however later put them on pause for 90 days, together with these on different nations besides China.
The following spherical of ministerial-level talks will “happen intensively from mid-Could onwards”, Akazawa mentioned. Thursday’s talks adopted an preliminary assembly in mid-April.
Akazawa mentioned any deal on tariff reduction could be within the type of a bundle, which shall be introduced when finalised.
