Japan's PM Disappointed by US 25% Tariff Hike on Imports

Japan's Prime Minister expressed disappointment with the Trump administration's announcement of higher tariffs on imports from Japan. The new tariff rate of 25% is slightly higher than the initial 24% set in April. The deadline for the implementation of these tariffs has been extended to August 1st, from the original July 9th deadline. This extension is seen as an effort to provide more time for negotiations between the two countries.

The Prime Minister emphasized that Japan will continue to seek a trade agreement with the United States while safeguarding its own national interests. The Prime Minister also instructed officials to continue negotiations with the U.S. on the tariff issue. The Prime Minister's remarks came in response to a letter from the Trump administration announcing the new tariffs, which was seen as disappointing by the Japanese government.

The Trump administration's decision to delay the implementation of the tariffs until August 1st is seen as a move to give more time for negotiations. However, the new tariff rate of 25% is still a significant increase from the initial rate of 24%. The Prime Minister's remarks indicate that Japan is willing to continue negotiations, but will not make concessions that would harm its national interests. The two countries still have differing opinions on certain aspects of the trade negotiations. To protect national interests, Japan is avoiding hasty compromises.

The two countries are expected to continue their discussions in the coming weeks, with the goal of reaching a mutually beneficial agreement. The Prime Minister's stance reflects Japan's commitment to protecting its national interests while also seeking a favorable trade agreement with the United States. The outcome of these negotiations will have significant implications for the economic relationship between the two countries.