Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminum.
“We were able to advance concrete discussions on, for example, expanding trade between our two countries, non-tariff measures and economic and security co-operation.”
Trump in early April announced “reciprocal” tariffs on Japan of 24 percent, but later put them on pause for 90 days along with those on other nations except China.
Akazawa said any deal on tariff relief would be in the form of a package, which will be announced when finalized.
Trump has repeatedly called for a stronger yen to boost US exports, but foreign currency rates were not discussed on Thursday, Akazawa said.
Ahead of the second round of talks, Japanese media had said they could focus on automobiles and agricultural products, which Akazawa called “very important economic sectors.”
Akazawa added that he did not discuss China with the US officials, but said Japan has a “very strong trade relationship with China too.”
Akazawa had told reporters at the airport on Wednesday that “Japanese companies are losing money each and every day” because of US tariffs.
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