Trump notifies Japan of 25% tariff; negotiation deadline essentially extended to Aug. 1
U.S. President Donald Trump, left, and Japanese Prime Minister Shigeru Ishiba have been unable to reach a deal on tariffs on American imports from Japan. (Nikkei montage/Source photos by Reuters and Nikkei)
TOKYO -- The results of this month's upper house election in Japan will likely determine further progress on U.S.-Japan tariff negotiations, which are apparently at an impasse, as well as the Japanese government's room to make concessions.
U.S. President Donald Trump on Monday released the first batch of letters to notify trading partners of new tariff rates. The rate on products from Japan will be 25%, he wrote. The August start date is seen as a way to pressure negotiating partners into making concessions.
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