Highlights

Japan halts trade trip to U.S. Billions to be invested in U.S. Agreement seen as crucial.

Latest news

Putin hails Ukraine gains, threatens more, in annual press conference

Putin hails Ukraine gains, threatens more, in annual press conference

OnePlus Pad Go 2 Review: No drama, just a good tablet  

OnePlus Pad Go 2 Review: No drama, just a good tablet  

Parliament Moment: Priyanka Gandhi shares tea with Rajnath Singh. PM Modi and Om Birla

Parliament Moment: Priyanka Gandhi shares tea with Rajnath Singh. PM Modi and Om Birla

Cold wave deepens in Kashmir as Chillai-Kalan nears, temperatures dip below freezing

Cold wave deepens in Kashmir as Chillai-Kalan nears, temperatures dip below freezing

Pakistan accuses India of attempting to undermine Indus treaty

Pakistan accuses India of attempting to undermine Indus treaty

Vande Mataram discussion in UP legislature to mark 150th anniversary: Yogi Adityanath

Vande Mataram discussion in UP legislature to mark 150th anniversary: Yogi Adityanath

Ashes 2025: Travis Head slams unbeaten 142 to crush England's Ashes hopes

Ashes 2025: Travis Head slams unbeaten 142 to crush England's Ashes hopes

Tipra Motha youth wing protests Bangladesh leader's anti-India remarks in Agartala

Tipra Motha youth wing protests Bangladesh leader's anti-India remarks in Agartala

Japan Delays Trade Trip to U.S. Amidst Tariff Talks with Trump

Japan's trade talks with the U.S. hit a snag as a trip is delayed. Issues over tariffs led to newly rescheduled consultations. Both nations are eager to finalize a vital economic agreement.

Japan Delays Trade Trip to U.S. Amidst Tariff Talks with Trump

Tokyo, Aug 28 (AP) Japan's leading trade negotiator has unexpectedly canceled a scheduled trip to Washington that was intended to culminate in a joint statement regarding a tariffs agreement with the Trump administration.

A top government spokesman has urged the U.S. side to expedite the implementation of the agreement.

Trade envoy Ryosei Akazawa was slated to depart from Tokyo to Washington on Thursday for a 10th round of discussions.

This follows an agreement that was initially announced on July 22.

However, Chief Cabinet Secretary Yoshimasa Hayashi informed reporters that further consultations were necessary due to unresolved details, prompting the postponement of the trip.

In July, both nations had consented to a reduction in tariffs, lowering them from 25 percent to 15 percent on the majority of Japanese imports, effective August 1.

This tariff was originally proclaimed by President Donald Trump as part of "reciprocal tariffs" against the key U.S. ally.

Shortly thereafter, Japanese officials found out that the preliminary deal would actually append a 15 percent tariff to existing tariffs, to which they lodged protests.

Washington officials acknowledged the error and committed to adhere to the agreed-upon 15 percent tariff, including reimbursing any excessive duties that had been collected.

However, this adjustment has yet to take place.

“We will firmly urge the United States to modify its presidential order to rectify the reciprocal tariffs and to issue the order to reduce tariffs on automobiles and auto parts,” Hayashi stated.

In a recent Fox News interview, U.S. Commerce Secretary Howard Lutnick demonstrated readiness from Washington to finalize the deal, with Japan also pledging to allocate up to USD 550 billion in the American economy over the coming years.

The scheduling of Akazawa's trip to Washington remains uncertain, Hayashi remarked during a daily briefing, offering an additional gentle nudge to the Trump administration.

“Japan and the United States have affirmed the importance of sincere and prompt enforcement of the agreement between the two nations,” he noted, expressing that the deal was crucial for both countries' economic security.

(Only the headline of this report may have been reworked by Editorji; the rest of the content is auto-generated from a syndicated feed.)

ADVERTISEMENT

Up Next

Japan Delays Trade Trip to U.S. Amidst Tariff Talks with Trump

Japan Delays Trade Trip to U.S. Amidst Tariff Talks with Trump

Bangladesh interim government condemns violence amid nationwide unrest

Bangladesh interim government condemns violence amid nationwide unrest

Arsonists target Bangladesh newspapers after student leader's death

Arsonists target Bangladesh newspapers after student leader's death

US Democrats release Epstein photos showing Bill Gates, Noam Chomsky

US Democrats release Epstein photos showing Bill Gates, Noam Chomsky

PM Modi departs for Oman on last leg of three-nation visit

PM Modi departs for Oman on last leg of three-nation visit

India closes visa application centre in Bangladesh capital due to security situation

India closes visa application centre in Bangladesh capital due to security situation

ADVERTISEMENT

editorji-whatsApp

More videos

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

Pakistan to sell 100 pc stake in PIA after bidders demand complete control post-privatisation

India, Oman to sign free trade agreement in Muscat on Thursday

India, Oman to sign free trade agreement in Muscat on Thursday

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

India and Ethiopia are natural partners, says PM Modi in Ethiopian Parliament

Trump calls for global unity against radical Islamic terrorism after Bondi attack

Trump calls for global unity against radical Islamic terrorism after Bondi attack

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

PM Modi conferred Ethiopia’s highest civilian honour in Addis Ababa

Trump imposes full travel bans on seven more countries, Palestinians

Trump imposes full travel bans on seven more countries, Palestinians

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

EAM S. Jaishankar arrives in Israel on two-day visit; to hold talks with top leadership

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Prime Minister Narendra Modi departed for Ethiopia from Jordan

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Magnitude 5.2 earthquake shakes Karachi and Balochistan, no casualty reported

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.