Japan’s trade envoy postpones US trip as Tokyo wants faster action on tariffs deal

Japan’s top trade negotiator, Ryosei Akazawa, had to cancel his trip to Washington to finalize a joint statement on a tariffs deal with the Trump administration. The trip was postponed due to some details that required further consultations, according to Chief Cabinet Secretary Yoshimasa Hayashi.

The agreement, announced on July 22, involved a 15% tax on imports of most Japanese goods, effective August 1, reducing the earlier 25% rate set by President Donald Trump as “reciprocal tariffs” on Japan. However, Japanese officials later found out that the preliminary deal would add a 15% tariff on top of existing tariffs, leading to objections from Japan. Despite Washington acknowledging the mistake and agreeing to abide by the 15% tariff agreement, there has been no action taken to refund any excess import duties paid.

Hayashi emphasized the need for the United States to amend its presidential order to correct the reciprocal tariffs and lower tariffs on autos and auto parts. He stressed the importance of prompt implementation of the agreement for the economic security of both countries.

While US Commerce Secretary Howard Lutnick expressed readiness to finalize the deal, plans for Akazawa’s visit to Washington remain undecided. Hayashi reiterated the significance of sincere and prompt implementation of the agreement, highlighting the essential nature of the deal for both countries’ economic security.

The ongoing negotiations between Japan and the United States underscore the complexities of international trade agreements and the need for careful consideration of all details to ensure a mutually beneficial outcome for both parties.