TOKYO (AP) — Japan's top trade negotiator, Ryosei Akazawa, has unexpectedly canceled a trip to Washington, D.C., which was intended to issue a joint statement regarding a tariffs deal with the Trump administration. The cancellation highlights ongoing complexities in U.S.-Japan trade relations. Chief Cabinet Secretary Yoshimasa Hayashi indicated that certain details were still under discussion, prompting the postponement of Akazawa's departure for Washington.
Akazawa was scheduled to travel to the United States for a 10th round of trade talks following the agreement that was announced on July 22. The deal was aimed at reducing tariffs between the two countries, but complications have arisen. Initially, this agreement called for a 15% tax on imports of most Japanese goods, effective August 1, which was a reduction from a previous 25% tariff imposed by President Donald Trump as “reciprocal tariffs” on Japan, a key U.S. ally.
In the days following the announcement of the agreement, Japanese officials identified an issue where the newly negotiated tariff would effectively create a 15% addition on top of other existing tariffs, leading to objections from their side. U.S. officials have acknowledged this mistake and have agreed to adhere to the new 15% tariff rate while promising to refund any excess duties paid under the prior rates.
Despite these assurances, the refunds and adjustments have yet to materialize as promised. Hayashi emphasized the need for action, stating, “We will strongly request the United States to amend its presidential order to correct the reciprocal tariffs and to issue the presidential order to lower tariffs on autos and auto parts.” This statement reflects Japan's ongoing concerns and demands for clarity in the trade relationship.
In a recent interview with Fox News, U.S. Commerce Secretary Howard Lutnick expressed that the U.S. is prepared to finalize the deal, which also includes Japan's commitment to invest up to $550 billion in the United States in the coming years. This investment is seen as a significant component of the overall trade agreement and economic partnership between the two nations.
During a daily briefing, Hayashi updated reporters on the status of Akazawa's visit, stating that plans for the trip remain uncertain. He reiterated the importance of a timely and sincere implementation of the trade agreement for both Japan and the United States. “Japan and the United States have confirmed the importance of sincere and prompt implementation of the agreement between the two countries,” Hayashi noted, stressing that a finalized deal is vital for the economic security of both nations.
The ongoing dialogue and negotiations illustrate the challenges and significance of U.S.-Japan trade relations as both nations seek a stable and mutually beneficial economic environment.
Mari Yamaguchi, The Associated Press
