Japan plans to supply the US a cooperation bundle centered on uncommon earth parts and liquefied pure fuel (LNG) throughout ongoing tariff talks, aiming to strengthen provide chains affected by rising tensions between Washington and Beijing, Nikkei Asia reported Thursday.
China has restricted exports of seven key uncommon earth parts and suspended LNG purchases from the US. Japan hopes that by serving to deal with these disruptions, it could possibly safe concessions on American tariffs.
Japan’s prime tariff negotiator, Economic Revitalization Minister Ryosei Akazawa, departed for Washington on Thursday for a fifth spherical of talks concerning US President Donald Trump’s tariff regime, in accordance with Jiji Press.
“We’ll continue to strongly urge the United States to review the series of tariff measures,” Akazawa stated earlier than leaving Tokyo.
He is scheduled to spend 4 days within the US, marking his third consecutive week of journey to the nation. His goal is to speed up discussions forward of a potential assembly between Japanese Prime Minister Shigeru Ishiba and Trump on the sidelines of the Group of Seven (G7) summit in Canada in mid-June.
Akazawa stated preparations have been nonetheless being finalized concerning his conferences throughout this spherical of talks.
Japan has known as on the US to elevate its 25% import responsibility on vehicles. While a 24% reciprocal tariff has been paused, the US continues to use a ten% baseline tariff together with levies on metal and aluminum.
Source: www.anews.com.tr