Summary
- It was reported that tariff negotiations between the United States and Japan have made some progress.
- It was stated that there has been a degree of progress in addressing the issue of high tariffs on automobiles, steel, and aluminum that burden the Japanese economy.
- Within Japan, there are reportedly voices advocating for reducing dependence on the United States.
There has been news that tariff negotiations between the United States and Japan have made some progress.
According to the crypto asset-focused media CryptoPolitan on the 7th (local time), Ryosei Akazawa, Japan's chief trade negotiator, stated after meeting with US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, "There has been certain progress regarding the issue of high tariffs on automobiles, steel, aluminum, etc., which place a burden on the Japanese economy."
The outlet reported, "Within Japan, there are also voices calling for a reduction in dependence on the United States in response to President Donald Trump’s strengthening of protectionist policies."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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