According to BlockBeats, on May 3, the U.S. Department of the Treasury stated that senior officials from the U.S. and Japan agreed to immediately begin working-level consultations and plan to hold more ministerial meetings in the near future.
The statement indicated that U.S. Treasury Secretary Basant, Commerce Secretary Luthnick, and Trade Representative Greer met with Japan's Minister of Economic Revitalization Akizawa Ryozo on Thursday local time. Both sides had candid and constructive discussions on fair and reciprocal trade. Basant emphasized concerns such as the importance of tariffs and non-tariff measures, and economic security as a matter of national security.