Japan, South Korea scramble
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Japanese Prime Minister Shigeru Ishiba said on Thursday his country needed to wean itself from U.S. dependence in such key areas as security, food and energy, as Tokyo faces the prospect of new U.S. tariffs in three weeks.
Anxiety over U.S. tariffs has been spreading across Japan, a central bank report shows, sending a worrying signal about the corporate outlook as trade uncertainty deepens.
The third-generation CX-5, which accounts for over a third of the automaker's U.S. sales, will continue to be made in Japan.
Japan is seeking talks between tariff negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent when the U.S. official visits Japan for the World Expo next week, Yomiuri newspaper reported on Thursday citing Japanese government sources.
President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump
Asia stock markets mostly advance on Tuesday, after US President Donald Trump announced new tariff rates on 14 countries, removing some uncertainty in the market. He also signed an executive order extending the reciprocal tariff deadline to August 1 from July 9,
Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.