Japan, Ishiba
Digest more
Japan, upper house and Wrench in Trade Talks
Digest more
Japan PM hangs on
Digest more
6h
MiBolsilloColombia on MSNAll These Products Could See Price Hikes Due to Japan's 25% Tariff on the US Starting August 1
The commercial relationship between the United States and Japan is at a critical juncture, with a looming 25% tariff threat from President Donald Trump on Japanese imports. This could significantly raise prices for American consumers on key products.
Japan's Liberal Democratic Party, which Prime Minister Ishiba leads, secured 47 seats in parliament, short of the 50 it needs for a majority.
For Americans who were awaiting the release of the Nintendo Switch 2, the delay of U.S. pre-orders for the gaming console this April was one indication of what’s to come.
Explore more
Japan's top tariff negotiator, Ryosei Akazawa, said on Saturday he planned to visit Washington next week to hold further ministerial-level talks with the U.S.
Exports fell for a second straight month in June, fueling fears that U.S. tariffs will halt Japan’s economic recovery and complicate the central bank’s policy plans.
Japanese Prime Minister Shigeru Ishiba will continue in office despite his party's election loss. He emphasised preventing a political vacuum and addressing issues like rising living costs, while planning to negotiate with the US on tariffs ahead of the August 1 deadline.
A mutually beneficial U.S.-Japan tariff agreement is still possible, Treasury Secretary Scott Bessent said on Friday after meeting Japanese Prime Minister Shigeru Ishiba in Tokyo.