US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer met with Japan’s Economic Revitalisation Minister Ryosei Akazawa, another set of discussions sought by US trading partners to avert high tariffs imposed by US President Donald Trump last month.
“During their frank and constructive discussions on fair and reciprocal trade, Secretary Bessent highlighted to Minister Akazawa both tariffs and non-tariff measures, the importance of economic security as national security, and other issues of concern,” Treasury said in a statement.
Bessent, in a posting on X, said he was “highly encouraged by Japan’s fast and positive engagement with the United States” and expressed hope that the two allies could soon reach consensus on a range of bilateral issues.
Greer also welcomed Japan’s engagement in discussions with the United States and reaffirmed the strong bilateral relationship between the United States and Japan.
However, Japanese accounts of the meeting struck a more cautious tone. The Nikkei newspaper reported earlier on Friday that US tariff negotiators appeared reluctant to lower levies on cars, steel and aluminium in Thursday’s meeting, a stance that made the Japanese side feel that cooperation could be difficult.
Nikkei, citing unnamed sources, said Japanese officials explained the measures they would take to reduce Japan’s huge trade surplus with the US such as reviewing non-tariff barriers on auto imports and expanding purchases of US agricultural goods.
But Japanese Prime Minister Shigeru Ishiba later said “the tariffs, represented by the ones on cars, are absolutely unacceptable.”
“Reduction of (the US) trade deficit should be possible… and we’ll make efforts to reduce it, but that should never sacrifice Japan’s jobs,” Ishiba said in an interview with Fuji News Network.
Akazawa told Reuters that the two sides hoped to meet again in mid-May.
On April 2, Trump imposed a 10 percent tariff on all countries except Canada, Mexico and China, along with higher tariff rates for many big trading partners, including Japan, which faces a 24 percent tariff rate starting in July unless it can negotiate a deal with the US.
Washington is pushing Japan to lower its own tariffs and Trump has accused the country of intentionally weakening the yen to give its exports a trade advantage – an accusation Tokyo denies. (Reuters)
