Japanese Prime Minister Shigeru Ishiba told parliament that last month’s trade accord with the United States is a “win-win” for both economies, but warned that executing the terms will be harder than striking the deal. The agreement promises, among other provisions, a reduction in U.S. tariffs on Japanese automobiles to 15% from the current 25%. Ishiba said he is willing to meet President Donald Trump in person or by phone to secure the tariff cut and stressed that the pact does not need to be formalized on paper to take effect. He urged swift implementation, adding that Tokyo would “resist” any reversal to the higher tariff rate. Japan’s chief negotiator, Ryosei Akazawa, will travel to Washington this week to press U.S. officials for an early presidential order that enacts the tariff reduction. Akazawa described the accord as a non-binding “common understanding,” said it would not require revising the broader bilateral treaty, and highlighted planned cooperation with the United States on semiconductor production, pharmaceutical supply chains and efforts to boost inward investment. To cushion any lingering impact from U.S. duties, Ishiba signaled readiness to compile a supplementary budget and indicated that subsidy measures will be shaped by talks with opposition parties. The premier also pledged to safeguard farmers and other sensitive sectors while monitoring private-sector investment decisions tied to the deal.
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