President Trump expressed skepticism about reaching a trade deal with Japan before the July 9 deadline to reinstate tariffs. He threatened to impose tariffs of 30 percent to 35 percent on Japanese goods, particularly affecting rice and car imports. Japan's economy relies heavily on exports to the US, raising concerns among manufacturers. Despite ongoing negotiations, Trump criticized Japan for taking advantage of trade agreements for decades, suggesting a significant challenge remains in reaching a mutually beneficial deal. The US had a $69.4 billion trading deficit with Japan in 2024, which Trump aims to address.
President Trump voiced doubts regarding a potential trade deal with Japan, stating, 'I'm not sure if we're gonna make a deal, I doubt it, with Japan.' He emphasized that Japan has benefited from previous trade arrangements, declaring, 'They and others are so spoiled from having ripped us off for 30, 40 years that it's really hard for them to make a deal.' His remarks indicate a growing frustration with Japan's trading practices and a looming deadline for negotiations as tariffs could be reinstated soon.
With the deadline for reaching a trade agreement approaching, President Trump threatened tariffs of 30 percent to 35 percent on Japanese goods if negotiations fail. This threat likely targets US imports from Japan, with rice and automobile industries being particularly affected. The automobile and electronic manufacturers in Japan, whose exports significantly contribute to the nation's economy, are apprehensive about the potential escalation of trade tensions.
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