Japan tries to conduct third round trade talks with America next week
At the beginning of both groups, Reuters, Chief Japanese trading negotiator Riosi Akazawa, who can travel to Washington next week to conduct a third round trade talks with the United States. One of one of a group, because he has no authority to speak in public, his identity is not revealed, the date of visit is not mentioned, and it depends on the progress that can be achieved in reducing the differences in the negotiations level.
Japan’s Finance Minister Catsonobo Kato in Canada will be visiting a meeting with his colleagues at “Group of Seven”, where he will be discussing a foreign exchange problem with US Treasury Secretary Scott Besant.
The Japanese proposals are being studied to obtain American concessions, including increasing corn and soy imports from the United States, technical cooperation in shipbuilding and reviewing inspectors on imported cars.
There is uncertainty on whether both sides will resolve disputes over Japan’s priority, which is the main pillar of its export -based economy, gaining exceptions from American customs duties on cars on cars.
“We will try to review a set of US tariffs such as cars, spare parts, steel and aluminum, along with mutual customs tariffs, very unfortunate actions,” said Akazawa, the financial restoration minister, said at a press conference on Wednesday.
On April 2, US President Donald Trump imposed 10 percent of customs definitions on all countries except Canada, Mexico and China, as well as high customs definition rates on most major commercial partners; 24 % of the customs duty, including Japan, faces a customs duty, unless it does not enter into an agreement with the United States from next July.
Japanese policy designers and ruling party legislator claimed that they did not see the possibilities of contracting with the United States if they did not raise 25 % customs tariffs on car imports; The economic importance of this industry is given.
This impact in this sector is already clear, because “Mazda” has declined its net profit by 45.1 percent for the financial year ended last March and postponed the removal of profit estimates until March 2026.
During his second visit to Washington on May 1, Akazawa asked the Besent to review customs duties on cars and their spare parts, although the two sides did not enter into an agreement.
The first hope is to enter into a fast agreement, such as the agreement with the “Seven Group” seminar for advanced economies in June. The local media reported that Prime Minister Shikiro Ishiba is now trying to enter into an agreement in early July.
Japan was the first major economy to begin bilateral talks with the United States, but Britain was ranked first with the Trump administration. China has agreed to negotiate with the United States as part of calm trade tensions that have led to a significant recovery in global stock prices.
“It is less painful than imposing customs duties on Japan to the United States,” said Kiyuchi, Executive Economist Economist Economist Economist Economist Economist. Consequently, there is no great encouragement for the United States to allocate and seek a pre -agreement with Japan, ”bilateral talks.
Similarly, the upcoming Japanese parliamentary elections will only allow Narrow waiver to Narrow in political senses such as agriculture. Hiroshi Moriama, close to Ishiba in the ruling party, excludes the growth of American rice imports.
