Japan is contemplating offering concessions in the form of increased soybean and rice imports as part of ongoing trade negotiations with the United States, according to a report by the Yomiuri daily on Saturday.
This move comes as Japan seeks to address U.S. demands during President Donald Trump’s aggressive tariff campaign, which has raised concerns about potential recession risks.
During the first round of bilateral talks on Wednesday, U.S. negotiators brought up trade barriers in sectors such as automobiles and rice, and requested that Japan import more U.S. goods, including meat, fish products, and potatoes, the report said. The Japanese government has not yet commented on the report.
In response to Trump's trade policies, Japan has faced 24% tariffs on exports to the U.S., with the rates paused for 90 days, but a 10% universal tariff and a 25% duty on cars remain in effect. Japan, which heavily relies on car exports, has sought to reduce the impact of these levies, which have disrupted market stability.
Trump has criticized Japan for its alleged 700% tariff on rice, a claim that Japan disputes, citing outdated international rice pricing. Despite these tensions, Japan has been steadily increasing its rice imports over the past year to address domestic shortages caused by rising prices.
Japan’s economic revitalization minister, Ryosei Akazawa, engaged in discussions with U.S. officials in the Oval Office following the talks, although specific details of the discussions remain scarce. Finance Minister Katsunobu Kato is expected to continue bilateral discussions with U.S. Treasury Secretary Scott Bessent in Washington next week, focusing on further trade concerns and priorities.
Gen Z protests swept 34 German cities on Saturday (31 October) over education, living costs and military service proposals. Violence erupted in Fra...
Iran designated Britain's Royal Navy and Royal Air Force as terrorist organisations on Sunday, (1 November), and classified the country's f...
Since 2021, only 9 per cent of $8 billion in humanitarian aid for Afghanistan can be traced beyond initial recipients in public re...
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Gen Z protests swept 34 German cities on Saturday (31 October) over education, living costs and military service proposals. Violence erupted in Frankfurt, where shops were looted and police reported Molotov cocktail attacks.
Iran designated Britain's Royal Navy and Royal Air Force as terrorist organisations on Sunday, (1 November), and classified the country's foreign intelligence agency, MI6, as a hostile group, according to a statement from the Iranian Foreign Ministry.
Thousands protested in Albania's capital, Tirana, on Saturday (31 October), demanding Prime Minister Edi Rama's resignation over perceived corruption allegations and dissatisfaction with the government over a lack of jobs and poor education standards.
Russia has agreed to work with Ghana on developing a 2,000-megawatt nuclear power plant following talks at the Russia-Africa Summit in Moscow, Ghanaian Foreign Minister Samuel Okudzeto Ablakwa said on Saturday.
Foreign ministers from the U.S., Japan, Australia and India raised concerns over export restrictions and economic coercion at a Quad meeting in Atlanta, U.S., on Saturday, 31 October 2026, according to their joint statement.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment