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Japan Vows Continued Trade Talks Amid New US Tariffs, South Korea Seeks Exemptions
Japan Vows Continued Trade Talks Amid New US Tariffs, South Korea Seeks Exemptions
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BTCCSquare news:
Prime Minister Shigeru Ishiba confirmed Japan will maintain dialogue with Washington despite the "truly regrettable" 25% tariff on Japanese goods announced by former President Donald Trump. The updated levy, effective August 1, replaces a previously proposed 24% rate. Ishiba hinted at potential revisions if Japan's response proves persuasive in coming weeks.
Meanwhile, South Korea is actively negotiating exemptions during diplomatic visits to DC. WHITE House documents suggest tariff levels could be adjusted based on each country's proposed terms, but only for substantive offers. The move has drawn criticism from multiple US trade partners grappling with the policy's economic implications.
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