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5 hours ago
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Source: AFP
Tokyo's tariffs envoy departed Wednesday for a 2nd circular of negotiations successful Washington, wherever Japan could connection concessions specified arsenic tweaking conveyance import procedures to unafraid alleviation from Donald Trump's commercialized levies.
Ryosei Akazawa whitethorn besides reportedly connection to bargain much US maize and soybeans, oregon proceed discussions connected processing liquefied earthy state (LNG) fields successful Alaska.
Japan, a cardinal US state and its biggest investor, is taxable to the aforesaid 10 percent baseline tariffs imposed connected astir countries positive steeper levies connected cars, alloy and aluminium.
Trump besides announced "reciprocal" tariffs connected Japan of 24 percent, but aboriginal enactment them connected intermission for 90 days on with those connected different nations but China.
Akazawa volition clasp talks Thursday with US Treasury Secretary Scott Bessent and different officials, pursuing an archetypal gathering successful mid-April.
"There has been nary alteration to our stance of powerfully demanding that each the tariffs beryllium scrapped. The main extremity is to execute that, and we can't budge," helium said Monday.
He told reporters astatine the airdrome connected Wednesday that "Japanese companies are losing money each and each day" due to the fact that of US tariffs.
"When I spoke to the caput of an automaker, the idiosyncratic told maine that a cardinal dollars is being mislaid each hour," helium said.
"I anticipation to marque progress, whether it is 1 oregon 2 steps forward," by targeting a "win-win relationship".
Trump has complained astir Japan's information investigating rules for US conveyance imports, and section media said simplified screening processes could beryllium a bargaining spot for Tokyo.
LNG and cultivation imports could besides beryllium connected the table.
But buying much US atom -- different expected enactment -- could beryllium "politically difficult" due to the fact that Japanese farmers are a beardown enactment basal for the ruling party, Norihiro Yamaguchi of Oxford Economics told AFP.
Trump has repeatedly said helium wants a stronger yen to marque US exports much competitive, though Akazawa said the Japanese currency was not discussed astatine the archetypal talks.
However, "I don't truly work a batch from it, due to the fact that particularly connected the currency market, to marque a large astonishment makes things bigger", Yamaguchi said.
The yen has risen importantly since Trump's tariffs were announced -- it was trading astatine 142 for a dollar connected Wednesday, compared with 158 successful mid-January.
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Source: AFP
