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Trump has criticized Japan for its alleged 700% tariff on rice, a claim that Japan disputes, citing outdated international rice pricing.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.
Two adjoining residential buildings collapsed in Tripoli’s Bab al-Tabbaneh neighbourhood on Sunday, with the death toll rising to nine as search ope...
Double world champion Max Langenhan delivered a dominant performance to win men’s luge singles gold on Sunday (8 February), breaking the track recor...
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent cr...
Hamas has strongly condemned new Israeli government decisions to expand settlements in the occupied West Bank, warning the measures pose an “existen...
Japan’s ruling coalition led by Prime Minister Sanae Takaichi has secured a sweeping victory in Sunday’s lower house election, cementing her authority and paving the way for major economic and security reforms.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of February, covering the latest developments you need to know.
A Japanese city near Mount Fuji has cancelled its annual cherry blossom festival, saying growing numbers of badly behaved tourists are disrupting daily life for residents.
“Having a good security relationship with the United States is of utmost importance for the Japanese as a whole,” said Professor Seijiro Takeshita of the University of Shizuoka, highlighting the strategic stakes ahead of Japan’s national election.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
Iran would retaliate by striking U.S. military bases across the Middle East if it comes under attack by American forces, Foreign Minister Abbas Araghchi said on Saturday (7 January), stressing that such action should not be seen as targeting the countries hosting those bases.
Several avalanches struck northern Italy on Saturday, killing at least three people, as rescue officials warned the death toll could rise with unstable conditions persisting across the Alps.
A Japanese city near Mount Fuji has cancelled its annual cherry blossom festival, saying growing numbers of badly behaved tourists are disrupting daily life for residents.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
Double world champion Max Langenhan delivered a dominant performance to win men’s luge singles gold on Sunday (8 February), breaking the track record four consecutive times as Germany extended its grip on the sport, now winning four of the past five Olympic titles.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
India’s trade minister said diversifying energy imports and expanding purchases of advanced technology from the United States would serve New Delhi’s strategic interests, as the two countries move closer to finalising a long-awaited trade agreement.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
Japan’s ruling coalition led by Prime Minister Sanae Takaichi has secured a sweeping victory in Sunday’s lower house election, cementing her authority and paving the way for major economic and security reforms.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment