Japan's Prime Minister Shigeru Ishiba expressed regret over the United States' decision to impose a 25 percent tariff on Japanese imports, which is set to take effect on August 1, 2025. Ishiba described the tariff move as "truly regrettable" and emphasized his commitment to continuing negotiations with the U.S. government in hopes of reaching a mutually beneficial trade agreement. The Trump administration has indicated it is encouraging progress in these trade talks despite the tariff announcement. Meanwhile, South Korea has urged swift negotiations before the August 1 deadline to avoid similar tariffs.
JAPAN PM ISHIBA: TRADE AGREEMENT DOES NOT INCLUDE TARIFF CUTS ON U.S. GOODS 🚫📦 TOKYO HOLDS FIRM ON TRADE TERMS AS NEGOTIATIONS ADVANCE WITHOUT CONCESSIONS ON IMPORT DUTIES
Japan's Prime Minister Ishiba: agreement does not involve reductions to Japan tariffs on US goods
Japan's Prime Minister Ishiba ordered team to assess US tariff impact