Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
Speaking to reporters in Calgary, Ishiba emphasized Japan's commitment to securing a trade deal that is mutually beneficial while staunchly safeguarding its national interests. A central point of contention remains the 25% tariff imposed by U.S. President Donald Trump on Japanese auto imports, a measure Ishiba stated is significantly impacting Japanese companies, particularly in the automotive sector, and has broader implications for the global economy.
Ishiba revealed that "both Japan and the United States have continued sincere discussions, exploring the possibility of an agreement until the last moment." However, he conceded that "there still remain points of disagreement between the two sides." He had held direct talks with President Trump on Monday, but the meeting concluded without a breakthrough on lowering or eliminating these tariffs.
Beyond the bilateral trade discussions, the G7 summit itself concluded without a joint statement of support for Ukraine. This was largely due to President Trump's expression of support for Russian President Vladimir Putin and his early departure from the summit to address the escalating Israel-Iran conflict.
During his time at the Canadian Rockies resort, Prime Minister Ishiba also engaged in bilateral talks with other world leaders, including his inaugural meeting with German Chancellor Friedrich Merz and discussions on security relations with South Korean President Lee Jae-myung, before returning to Tokyo.
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Japan's elevated interest in Central Asia reflects a combination of economic motives, such as access to resources and investment opportunities, as well as geopolitical goals aimed at promoting regional stability and enabling a counterbalance to other major powers.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
South Korean President Lee Jae Myung said on Wednesday (7 January), that significant progress has been made in restoring trust with China. He also reiterated that relations with Japan are equally important for Seoul’s diplomacy amid shifting regional dynamics.
South Korean President Lee Jae Myung began a state visit to China on Sunday, hoping to promote peace on the Korean Peninsula hours after North Korea launched ballistic missiles.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
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Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
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