Japanese Prime Minister Shigeru Ishiba expressed his disappointment after U.S. President Donald Trump imposed a new 25% tariff on Japanese imports. At a tariff task force meeting, he described the decision as "truly regrettable," emphasizing that Japan will firmly defend its export-driven economy.
Ishiba made it clear that his government is committed to protecting national interests while continuing negotiations with the United States to secure a mutually beneficial deal. According to him, avoiding hasty compromises is key to reaching a balanced trade agreement.
The tariff, set to take effect on August 1, comes with a warning from Trump of equivalent tariff hikes on U.S. goods if further increases are made. This move is part of a broader set of measures that include varied tariff rates on 13 other countries, stirring up fresh trade tensions globally.
As global trade dynamics evolve, Japan's cautious yet determined stance highlights the challenges faced by export-oriented economies. Stay tuned for more updates on how these high-stakes negotiations unfold! 🚀🤝
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Japanese PM Ishiba calls Trump's new tariffs 'truly regrettable'
cgtn.com
