The China Mail - Japan PM presses Trump on tariffs ahead of new talks

USD -
AED 3.672494
AFN 64.999743
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 917.000094
ARS 1547.506848
AUD 1.426544
AWG 1.8
AZN 1.697068
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.460698
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.39503
CDF 2314.999866
CHF 0.81448
CLF 0.024532
CLP 965.479702
CNY 6.669799
CNH 6.66659
COP 3229.75
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.56415
DJF 178.04787
DKK 6.637502
DOP 60.044158
DZD 135.825634
EGP 54.653305
ERN 15
ETB 164.108289
EUR 0.88795
FJD 2.24175
FKP 0.743037
GBP 0.741195
GEL 2.605024
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.503195
GNF 8859.999896
GTQ 7.640777
GYD 209.490556
HKD 7.844265
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 321.798964
IDR 18102
ILS 3.15995
IMP 0.743037
INR 94.510797
IQD 1515.805747
IRR 1883408.498647
ISK 121.310194
JEP 0.743037
JMD 158.490264
JOD 0.709012
JPY 157.938497
KES 129.95052
KGS 87.449977
KHR 4065.567945
KMF 441.000169
KPW 899.999961
KRW 1343.175028
KWD 0.31068
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.652015
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 47.009856
MVR 15.455007
MWK 1733.74558
MXN 18.570715
MYR 4.048101
MZN 63.910382
NAD 16.458322
NGN 1346.410288
NIO 36.791229
NOK 9.297399
NPR 151.327626
NZD 1.771905
OMR 0.384504
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.100501
PKR 276.584484
PLN 3.89515
PYG 6062.867601
QAR 3.645272
RON 4.742802
RSD 104.472028
RUB 81.802231
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.835724
SDG 601.506428
SEK 9.703815
SGD 1.276498
SHP 0.745545
SLE 22.909899
SLL 20969.504398
SOS 571.481881
SRD 37.563991
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.434032
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.043497
TTD 6.77808
TWD 33.008496
TZS 2647.034973
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768982
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 582.45706
XAG 0.019006
XAU 0.000242506548
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 582.45706
XPF 105.958029
YER 236.175026
ZAR 16.354298
ZMK 9001.195056
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.089813
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Japan PM presses Trump on tariffs ahead of new talks
Japan PM presses Trump on tariffs ahead of new talks / Photo: © JIJI Press/AFP

Japan PM presses Trump on tariffs ahead of new talks

Japan's Prime Minister Shigeru Ishiba said Friday that he had again pressed US President Donald Trump on tariffs, in a phone call ahead of fresh talks on easing the levies.

Text size:

Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.

Trump also announced 24 percent "reciprocal" tariffs on Japan in early April, but later paused them along with similar measures on other countries until early July.

Ishiba said he spoke with Trump for 45 minutes on Friday morning -- Thursday evening in Washington -- and that a "broad range of topics were discussed, including tariffs and economic security".

"I conveyed to him Japan's position on US tariffs," Ishiba told a news conference in Tokyo, adding that there was "no change to our calls for the removal of tariffs".

"As I've said before, it's not just about tariffs but about investment. There will also be no change to our position that Japan and the US will cooperate on generating employment in the US," he said.

The comments came as Japan's tariffs envoy, economic revitalisation minister Ryosei Akazawa, left for Washington for a third round of talks.

"The series of tariff measures taken by the US are regrettable. We'll strongly demand a review of these measures," Akazawa told reporters at Tokyo's Haneda airport.

"But we have to reach an agreement, so it has to be win-win for both sides. We'll listen carefully to the various proposals and ideas of the US side, and look for common ground between the two sides," he said.

Public broadcaster NHK and other Japanese media reported, citing government sources, that US Treasury Secretary Scott Bessent would not attend the talks this time.

Akazawa would travel again to Washington on May 30, the reports said.

Trump's 25-percent auto tariffs are particularly painful for Tokyo, with roughly eight percent of all Japanese jobs tied to the sector.

Early this month, the Trump administration also slapped a new 25 percent import tax on auto parts including engines and transmissions.

At the White House in February, Ishiba had promised Trump that yearly Japanese investment would increase to $1 trillion.

"Although the recent US-China and US-UK trade deals indicate that Washington is aiming to de-escalate trade tensions, Japan-US negotiations have made little headway," said Stefan Angrick at Moody's Analytics.

"Japan's position as the world's largest foreign investor in the US hasn't shielded it from tariff threats, so promising more investment is an unconvincing bargaining chip," he added.

C.Smith--ThChM