financetom
Business
financetom
/
Business
/
Japan and US explored possibility of trade deal, Japan trade negotiator says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan and US explored possibility of trade deal, Japan trade negotiator says
Jun 13, 2025 4:38 PM

(Reuters) -Japan and the U.S. on Friday explored the possibility of a trade agreement, Japan's top tariff negotiator, Ryosei Akazawa, told a briefing, while refraining from commenting how close they are to reaching a deal.

"We had a very detailed exchange and explored the possibility of a trade agreement," Akazawa told reporters after he met with U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick separately in Washington in a sixth round of tariff negotiations.

It is likely to be the last round before Prime Minister Shigeru Ishiba and U.S. President Donald Trump are to meet in Canada on the sidelines of the Group of Seven leaders' summit, where Japan has been hoping to clinch a deal.

Akazawa refrained from commenting on whether the talks have matured enough to reach an agreement, saying a deal is possible only when the leaders of both countries approve everything as a package.

He also declined to comment on the chance of Ishiba and Trump reaching an agreement at their upcoming meeting.

Japan faces a 24% tariff rate starting in July unless it can negotiate a deal with the U.S. It is also scrambling to find ways to get Washington to exempt its automakers from 25% tariffs on automobiles, Japan's biggest industry.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
China's BYD warns EU tariffs will raise prices and deter buyers
China's BYD warns EU tariffs will raise prices and deter buyers
Oct 17, 2024
PARIS (Reuters) -The EU's planned tariffs on Chinese-made EVs will lead to higher prices and deter buyers, Chinese EV giant BYD warned on Monday, adding the tariffs proposed for its vehicles were not a fair, but that it had also not challenged them. Europe's EV market needs more positive education ... trust is low. The problem is the high price,...
Boeing to Lay Off 10% of Workforce; Sees Wider-Than-Expected Third-Quarter Loss
Boeing to Lay Off 10% of Workforce; Sees Wider-Than-Expected Third-Quarter Loss
Oct 17, 2024
06:48 AM EDT, 10/14/2024 (MT Newswires) -- Boeing ( BA ) shares were down early Monday as the troubled plane maker disclosed plans last week to cut jobs and announced a preliminary third-quarter loss wider than Wall Street's current estimates. The company aims to reduce its total workforce by about 10% over the coming months, including executives, managers and employees,...
Highwoods Properties Says No Significant Damage to Florida Buildings from Hurricane Milton
Highwoods Properties Says No Significant Damage to Florida Buildings from Hurricane Milton
Oct 17, 2024
06:54 AM EDT, 10/14/2024 (MT Newswires) -- Highwoods Properties ( HIW ) said Monday its buildings in Florida suffered no significant damage from Hurricane Milton after a comprehensive assessment. ...
BRIEF-Longboard Pharmaceuticals Says Lundbeck To Acquire Co In Strategic Deal
BRIEF-Longboard Pharmaceuticals Says Lundbeck To Acquire Co In Strategic Deal
Oct 17, 2024
Oct 14 (Reuters) - Longboard Pharmaceuticals Inc ( LBPH ) : * LUNDBECK TO ACQUIRE LONGBOARD PHARMACEUTICALS IN A STRATEGIC DEAL, SIGNIFICANTLY ENHANCING ITS NEUROSCIENCE PIPELINE * LONGBOARD PHARMACEUTICALS INC ( LBPH ): TOTAL TRANSACTION VALUE OF APPROXIMATELY USD 2.6 BILLION Source text for Eikon: Further company coverage: ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved