The U.S. has rejected Japan's request for a complete exemption from countervailing duties 🇯🇵, but is willing to consider a reduction of the 14% tariff that is set to be reinstated on July 9 (after a 90-day temporary suspension ends).

U.S. officials emphasized that extending the 10% tariff or reducing the 14% tariff will depend on the progress of the negotiation process.