Japan PM in call with Trump, reiterated Japan's use on US tariffs ...Middle East

Japan PM in call with Trump reiterated Japan's view on the US tariff measuresConcluded to accelerate consultations between the ministers in charge to achieve mutual beneficial agreement.Exchange views on response to Israel's recent attacks against Iran

Trump wants to increase tariffs on autos and other imports from Japan. Trump's administration also wants Japan to open up their economy for more imported US goods. One problem is Japan is a nation of savers, while the US loves to spend and that makes the dynamics more difficult.

A 25% ad valorem tariff on fully assembled foreign automobiles has been in effect since April 3, 2025, under a Section 232 national security order

President Trump has signaled the possibility of increasing the 25% auto tariffs to further incentivize U.S.-based manufacturing and investment

This article was written by Greg Michalowski at www.forexlive.com.

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