Japan fails to secure US tariff exemption guarantee
Japan’s trade minister said he had failed to secure assurances from US officials that his country would be exempt from tariffs, some of which are set to take effect tomorrow, Euronews reported.
Yoji Muto took part in talks in Washington over tariffs on a range of Japanese exports, including cars, steel and aluminium.
Muto said Japan, which contributes to the US economy through significant investment and job creation in the United States, “should not be subject” to the 25% tariffs.
His meetings with US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House economic adviser Kevin Gassett came just two days before the steel and aluminium tariffs were due to take effect.
US President Donald Trump also said that a possible 25% tariff on foreign car imports could take effect in early April.
Muto said US officials acknowledged Japan’s contribution and agreed to continue talks, but did not approve his request to exempt Japan from the high tariffs.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Connecting Industry Leaders: Highlights from BLACK SEA OIL TRADE-2025
Rapeseed prices fall following crude oil prices, but rapeseed prices in Ukraine ar...
US corn harvest rates are lower than last year
Chinese processors will rely on South American and Chinese soybeans
MARKET SIGNALS TO WATCH, September 22 – 29
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon