Merz, Macron, Meloni urge new EU drive to cut red tape
The leaders of 19 European Union nations have called on the bloc to launch a renewed effort to “review, reduce and restrain” legislation in order ...
U.S. President Donald Trump has signalled no intention of easing hefty auto tariffs on Japan, reaffirming a hard-line trade stance just days before a critical deadline on country-specific tariffs expires.
In an interview broadcast on Sunday, Trump said his administration is prepared to unilaterally notify trading partners—including Japan—of new tariff rates, despite ongoing diplomatic efforts and strong opposition from Tokyo.
Trump's comments come as his administration’s 90-day pause on reciprocal tariffs is set to end on 9 July. The measure was intended to give major trading partners, including Japan, the European Union, India, and South Korea, a window to negotiate deals aimed at narrowing trade imbalances.
“I could send one [letter] to Japan. Dear Mr. Japan, here’s the story. You’re going to pay a 25% tariff on your cars,” Trump said in a Fox News interview, using Japan as an example of countries he believes benefit disproportionately from U.S. market access.
“They won’t take our cars, and yet we take millions and millions of their cars into the United States. It’s not fair.”
The remarks come amid stalled negotiations with Japan, which were further complicated after Prime Minister Shigeru Ishiba and Trump failed to reach an agreement during their recent meeting in Canada.
Japan's top tariff negotiator, Ryosei Akazawa, has been in Washington since Thursday for a seventh round of talks but was unable to secure a meeting with Treasury Secretary Scott Bessent, a key figure in Trump’s trade team.
Akazawa did meet briefly with Commerce Secretary Howard Lutnick and held two phone calls with him, but sources familiar with the discussions said no major breakthrough was achieved. The Japanese delegation, which extended its stay through Sunday in hopes of progress, returned to Tokyo without a deal.
Japan raised concerns earlier this year after the U.S. increased its duty on imported Japanese automobiles from 2.5% to 27.5%.
Tokyo has repeatedly urged Washington to reconsider, warning that the tariffs could damage both countries' economies and strain ties between close allies.
While Treasury Secretary Bessent has recently indicated that the tariff pause could be extended if negotiations continue in good faith, Trump’s latest remarks suggest the president is leaning toward a unilateral approach.
“We don’t have to meet. We understand. We have all the numbers,” Trump said. “Congratulations. We’re allowing you to shop in the United States of America. You’re going to pay a 25% tariff, or a 35% or a 50% or a 10%.”
Trump also suggested Japan could help reduce its trade surplus with the U.S. by purchasing more American oil and other goods—an idea Tokyo has not publicly embraced.
The White House on Thursday said the 90-day pause could still be extended, but Trump’s comments now cast doubt on that prospect. The tariff pause does not affect the administration’s global 10% baseline tariff, nor the existing sector-based levies on cars and auto parts, which remain in force.
As the 9 July deadline approaches, analysts warn that failure to resolve the dispute could reignite trade tensions between Washington and Tokyo, further unsettling global markets and automotive supply chains already strained by broader protectionist policies.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A Colombian court has overturned former President Álvaro Uribe’s convictions for fraud and bribery, halting a years-long legal saga that had made him the country’s first ex-leader to face criminal sentencing.
A Jan. 6 rioter who was pardoned by President Donald Trump has been charged with making terroristic threats after allegedly sending text messages that threatened to kill House Democratic Leader Hakeem Jeffries, according to a felony complaint filed in New York state court.
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it offered a slightly stronger-than-expected forecast for the rest of the year.
European nations are working with Ukraine on a new ceasefire proposal along current battle lines, aiming to keep the United States in a central role, four European diplomats told reporters on Tuesday.
The leaders of 19 European Union nations have called on the bloc to launch a renewed effort to “review, reduce and restrain” legislation in order to boost economic competitiveness, according to a letter seen by Reuters on Tuesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment