Japanese Prime Minister Shigeru Ishiba took to the podium on Tuesday to respond to U.S. President Donald Trump’s latest move: a 25% tariff on Japanese imports set to begin August 1. Calling the decision truly regrettable, Ishiba stressed that Japan’s door remains open for talks that protect national interests while seeking a mutually beneficial agreement.
Ishiba underscored that his government has resisted rushing into compromises just to expedite a deal. He explained at a tariff task force meeting that Japan has avoided hasty concessions and stood firm in defending what it needs. His message: Japan will mitigate the impact of the tariff hike on its export-oriented economy without backing down from core priorities.
The planned levy edges above the 24% reciprocal tariff announced in April and comes on top of existing sectoral duties1% on vehicles and auto parts and a steep 50% on steel and aluminum. In his social media letter to Ishiba, President Trump also warned that further U.S. tariff increases would be matched by Japan.
It’s not just Japan in Trump’s crosshairs. On the same day, the U.S. president unveiled new 25% duties for South Korea, 30% for South Africa, and up to 40% for Myanmar and Laos. As global entrepreneurs, investors, and consumers watch for ripples in the supply chain, Ishiba’s vow to continue negotiations highlights the delicate balancing act between economic pragmatism and geopolitical showdowns.
For business leaders and young travelers alike, these trade tensions underscore how swiftly global markets can shift and why diplomatic dialogue remains vital. Stay tuned as Tokyo and Washington work toward a trade deal that could reshape industry strategies and consumer prices worldwide.
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Japanese PM Ishiba calls Trump's new tariffs 'truly regrettable'
cgtn.com
