TOKYO: Japan said today it was making “progress” in talks aimed at easing US President Donald Trump’s tariffs but cautioned that the two sides have not found “a point of agreement yet”.
Japan, a key US ally and its biggest investor, is subject to the same 10% baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.
Trump also announced an additional 24% “reciprocal” tariff on Japan in early April, but later paused it along with similar measures on other countries until early July.