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Japan’s Prime Minister Shigeru Ishiba aims to advance US tariff talks, eyes outcome at G7 summit

May 25, 2025
in Business
Reading Time: 2 mins read
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Japan’s Prime Minister Shigeru Ishiba aims to advance US tariff talks, eyes outcome at G7 summit
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Japanese Prime Minister Shigeru Ishiba on Sunday said Tokyo aims to advance tariff talks with the US, with the goal of achieving an outcome during the Group of Seven summit next month.

Japan’s top tariff negotiator, Ryosei Akazawa, held a third round of Japan-US talks in Washington on Friday.

Speaking to reporters in Kyoto, Ishiba said there has been progress in negotiations, pointing to discussions on trade expansion, non-tariff measures and economic security.

President Donald Trump and visiting Japanese Prime Minister Shigeru Ishiba are pictured at the White House in Washington DC, Feb. 7, 2025. Xinhua News Agency via Getty Images

“We will continue to further refine our discussions with the G7 summit in mind,” he said.

Ishiba on Friday held a 45-minute phone call with President Trump to discuss security, diplomacy and tariffs and said they exchanged hope for an in-person meeting at the G7 summit.

On Sunday, Ishiba expressed Japan’s willingness to cooperate in shipbuilding. He said the US has shown interest in the possibility of repairing US warships in Japan and that Japan would like to assist.

He said Japan has an advantage in icebreakers, such as those used on Arctic trade routes, which could become an area of cooperation with the US.

In Tokyo, Akazawa on Sunday said the schedule for the next Japan-US talks is being arranged and that he hopes to meet US Treasury Secretary Scott Bessent during his next visit to the US.

Workers, back, unload vehicles while a car, center front, is moved to another location of the area, where export vehicles are parked at the Daikoku vehicle terminal center in Yokohama, near Tokyo, April 8, 2025. AP
Japan’s top tariff negotiator, Ryosei Akazawa, in April. ZUMAPRESS.com

Speaking to reporters at Haneda Airport following his return from Washington, Akazawa said an agreement will be reached only when all elements are settled as a package, meaning that until everything is agreed upon, nothing is agreed upon.

“Therefore, I won’t comment on how far we’ve progressed,” he said.

Credit: Source link

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