It is said that the best commercial negotiator in Japan cancels an American trip

Photo of author

By [email protected]


Riosi Akazawa, the Japanese Economic Activation Minister, speaks to media members at the Japanese embassy in Washington, DC on June 6, 2025.

Bloomberg Bloomberg Gety pictures

Rayyosi Akazawa canceled the best commercial negotiator in Japan on the United States on Thursday on issues related to the commercial deal of the United States.

In a statement, the chief of the Japanese cabinet, Yoshimasa Hayaishi, said that his journey would include discussing the US tariff measures.

“However, during coordination with the United States, because it has become clear that some points require more technical debate, the journey was canceled, and it was decided that discussions will continue at the administrative level,” Hayshi told reporters.

Japanese media Kyodo news said It has not been determined if the journey will reschedule, while Reuters said Akazawa could head To Washington early next week after resolving the distinguished issues, noting an unknown government source.

Hayachi said that Tokyo will urge the United States to amend its presidential order regarding mutual definitions as soon as possible, and I asked Washington to issue a presidential order to reduce the customs tariff for cars and car parts.

The White House has Executive order The Japan’s foundation tariff rate is 15 %, but there was no written confirmation that reduces the rate of tariff for cars to 15 % from 25 %.

Akazawa According to what is said in July The United States has promised to amend the executive order on the customs tariffs exchanged on Japan to include “without rowing”, as definitions will not be accumulated to each other to more than 15 %. It will be similar to Arrangement with the European Union.

“We have confirmed with the United States that the sincere and immediate implementation of the agreement of Japan and the United States is vital,” he said on Thursday.

Separately, a member of the Board of Directors of Japan Bank Yanco Nakagawa He said on Thursday Although the tariff negotiations between the two sides have led to an agreement, many of the uncertainty.

He warned that exports and industrial production are expected to be negatively affected in Japan “at the present time”, saying that there will be a “retroactive decrease” in light of the front loading of the American definitions.

Corporate profits are also expected to decrease, especially in the manufacturing sector, and Nakagawa said, “The effects of deterioration in the export profit due to the increase in American definitions and slowdown in foreign economies reflect.”

Investment package on the table

Reuters had been mentioned earlier This was also on the agenda of Aquawa’s trip, a written confirmation of the details of the $ 550 billion investment package in Japan for the United States for a reduced tariff for imports.

This comes after US Minister of Trade Howard Lottennik in an interview with Fox News on Monday The United States will issue a declaration Regarding the package.

A package of $ 550 billion has been announced as part of Tokyo deal with the United States In July, which witnessed the so -called “mutual” definitions on Japanese exports fell to 15 % of 25 %. The customs tariff for the main auto sector in Japan has also been reduced to 15 %.

However, points attached to more than $ 550 billion, as Trump promoted the package as “Our money is for investment, as we love.”

“Some people say Japan simply received more than $ 550 billion He said After announcing the commercial deal. “But such allegations are completely outside the brand,” a report told Reuters on July 25.

Akazawa also According to what is said, the returns It will be divided between Japan and the United States, according to the degree of contributions by each side, while realizing the US willingness to contribute to a greater share.



https://image.cnbcfm.com/api/v1/image/108161510-1750335063398-gettyimages-2218303815-US_JAPAN_TRADE.jpeg?v=1756351919&w=1920&h=1080

Source link

Leave a Comment