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Ryosei Akazawa, Japan's economical revitalization minster, speaks to members of the media astatine the Japanese embassy successful Washington, DC, US, connected Friday, May 30, 2025.
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Japan had made immoderate advancement successful a 5th circular of commercialized talks with U.S. officials aimed astatine ending tariffs that are hurting Japan's economy, Tokyo's main tariff negotiator said.
"Tariffs person already been imposed connected autos, car parts, alloy and aluminum, and immoderate of them person doubled to 50% on with 10% wide tariff. These are causing regular losses to Japan's economy," Ryosei Akazawa, said successful Washington connected Friday aft talks with officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
Akazawa declined to accidental what advancement they had made.
The latest circular of talks whitethorn beryllium the past in-person gathering betwixt elder Japanese and U.S. officials earlier the Group of Seven (G7) leaders acme that starts connected June 15, wherever U.S. President Donald Trump is expected to conscionable Japanese Prime Minister Shigeru Ishiba.
Japan besides faces a 24% tariff complaint starting successful July unless it tin negociate a woody with Washington.
"We privation an statement arsenic soon arsenic possible. The G7 acme is connected our radar, and if our leaders meet, we privation to amusement what advancement has been made," Akazawa said. "Still we indispensable equilibrium urgency with a request to defender our nationalist interests," helium added.
Last period Japan's commercialized negotiator said U.S. defence instrumentality purchases, shipbuilding exertion collaboration, a revision of automobile import standards and an summation successful cultivation imports could beryllium bargaining chips successful tariff talks.
In a bid to scope an statement with the U.S., Japan is besides proposing a mechanics to trim the car tariff complaint based connected however overmuch countries lend to the U.S. car industry, the Asahi paper reported connected Friday.
Akazawa said Japan's presumption has not changed and that the tariffs are not acceptable.
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