Japan, South Korea scramble
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By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
Secretary of State Marco Rubio talks about countering China as it expands its global influence. But President Trump’s tariff threats have created friction with U.S. partners.
When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president's long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States.
Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.
President Donald Trump’s trade wars continue. This week, Trump announced 25% tariffs on Japan and South Korea, set to go into effect on August 1. He also announced tariffs varying from 25% to 40% in countries including Myanmar,