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US Rejects Japan's Full Tariff Exemption, Considers Lowering 14% Tariff Amid Trade Talks Impasse

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Updated May 7, 2025, 01:06 PM

The United States has rejected Japan's request for a full exemption from reciprocal tariffs, according to Kyodo News. While the U.S. declined to grant complete exemption, it indicated a willingness to consider lowering the 14% tariff specifically imposed on Japanese goods. The ongoing trade negotiations between the two countries have reached an impasse, with no agreement reached after two rounds of high-level discussions. The U.S. also suggested the possibility of extending a 90-day tariff pause but has not agreed to Japan's demands. Japanese officials and lawmakers have expressed concerns about the stalled talks, emphasizing the need to address tariffs on key sectors such as automobiles, steel, and aluminum. Former Bank of Japan Governor Haruhiko Kuroda advised Japan to respond calmly to U.S. President Donald Trump's tariff measures. Business leaders in Japan have voiced worries that the tariffs could dampen wage growth and economic prospects. Overall, the trade negotiations remain challenging, with both sides unable to find common ground on tariff exemptions and reductions.

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#United States #Japan #Kyodo News #Japanese #Bank of Japan #Haruhiko Kuroda #Donald Trump

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Sources

ebx.sh(2)sankei.com(2)english.kyodonews.net

The Japan Times

@japantimes

Trade negotiations between Japan and the United States are headed for an impasse with the two sides unable even to settle on a starting point for an agreement after two rounds of high-level discussions. https://t.co/iAn50IIu0b

The Japan Times

@japantimes

The Japanese government should respond calmly to U.S. President Donald Trump's tariff measures, former Bank of Japan Gov. Haruhiko Kuroda said in a recent interview. https://t.co/nk1P3szuhL

産経ニュース

@Sankei_news

The head of the Kawasaki God Chamber of Commerce, who “will pour water on the stream of wage increases,” is concerned about Trump tariffs and also touches on his memories with Mr. Kazuo Sumi https://t.co/3O0S1ax0N1 It touched on the tariff policies launched by President Trump one after another, and expressed concern that “the future cannot be foreseen, managers will become conservative, and the current trend of wage increases will be affected.”