Japanese Prime Minister Shigeru Ishiba, speaking on Fuji Television, expressed optimism about trade negotiations with the United States, aiming for zero tariffs. He highlighted a positive relationship with U.S. President Donald Trump and noted that discussions are progressing. Ishiba referenced a recent U.S.-UK trade deal, which reduced tariffs on British car exports but retained a 10% baseline tariff, as a potential model, though he emphasized Japan’s goal of eliminating tariffs entirely. He argued that high U.S. tariffs, like the current 25% on Japanese auto exports and 24% on other goods, raise costs for American consumers and suggested lowering them would benefit the U.S. economy. Trump, however, stated on Friday that the U.S. will maintain a 10% baseline tariff on imports, with possible exemptions for favorable trade terms.
Business News
Japan’s Ishiba Pushes for Zero Tariffs in U.S. Trade Talks, Cites Consumer Benefits
He argued that high U.S. tariffs, like the current 25% on Japanese auto exports and 24% on other goods, raise costs for American consumers hence the need for zero tariffs
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