President Donald Trump announced he will meet with Japanese representatives on Wednesday to negotiate tariffs, American military support, and “trade fairness,” signaling a renewed push for trade agreements with key allies, Bloomberg reports.
“Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!” Trump wrote on his Truth Social platform.
Treasury Secretary Scott Bessent has indicated that Japan is a high priority for negotiations, citing the country’s proactive approach. He envisions reaching agreements with Japan and other military allies, aiming to forge a collective front to apply economic pressure on China.
Representing Japan in the negotiations is economic revitalization minister Ryosei Akazawa, who described his appointment as US trade negotiator as “nerve-wracking.” Akazawa will be tasked with securing the first trade deal since Trump imposed sweeping tariffs on roughly 60 trading partners. These tariffs are currently subject to a 90-day reprieve on the highest rates, pending ongoing negotiations.
Trump administration officials are optimistic that many countries are eager to negotiate lower tariffs and improve access to their markets for American businesses. Following the meeting with Japan, a delegation from South Korea is scheduled to meet with US trade officials next week.
US-China Impasse Continues
However, China, a major global trading power, remains reluctant to commit to formal talks.
Bloomberg News reported earlier on Wednesday that Beijing would be open to discussions if the US demonstrates more respect by curbing disparaging remarks from Trump’s cabinet and appoints a dedicated point person for negotiations.
Beijing has recently replaced its trade representative amidst the ongoing stalemate. The Chinese government announced on Wednesday the appointment of Li Chenggang as vice commerce minister and trade envoy, replacing Wang Shouwen.
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