USA

🔹 Tokyo is taking bold steps in response to rising trade tensions: The Japanese government is preparing to allocate ¥900 billion (approximately $6.3 billion) from state reserves to fund an emergency aid package aimed at softening the blow of U.S. tariffs imposed by President Donald Trump. The plan includes energy cost relief and financial support for small and medium-sized enterprises.

🔹 Focus on Key Sectors: Automotive, Steel, and Maritime
Prime Minister Shigeru Ishiba emphasized that the package’s primary goal is to shield Japan’s automotive and steel industries, which are particularly vulnerable to the new tariffs. Originally introduced on April 25, the emergency plan is now being expanded and includes:
🔹 corporate financing support,

🔹 measures to boost domestic consumption,

🔹 and proposals for international cooperation, including a Japan-U.S. maritime recovery fund.
This fund would aim to revitalize the American shipbuilding industry, create jobs, and reduce U.S. dependence on China.

🔹 Japan Seeks Exemptions from Auto, Steel, and Aluminum Tariffs
Japan currently faces a base 10% tariff on most goods, plus higher rates on car, steel, and aluminum exports. In April, Trump announced reciprocal tariffs of 24%, which were temporarily suspended — but only until early July.
Tokyo has since intensified diplomatic negotiations. Economic Recovery Minister Ryosei Akazawa recently concluded a third round of talks in Washington, with both parties agreeing to accelerate efforts toward a mutually beneficial agreement.
“We must clearly show the U.S. that Japanese companies make a significant contribution to the American economy — through both investment and job creation.”

– Shigeru Ishiba, Prime Minister of Japan

🔹 Naval Repair Support and Arctic Icebreakers as Cooperation Proposals
Japan’s proposals go beyond trade — it has suggested strategic cooperation in the maritime sector. The U.S. has shown interest in having its warships repaired in Japanese shipyards, while Japan is offering expertise in Arctic icebreakers, which could support northern shipping routes.
The proposed Japan-U.S. fund aims to foster U.S.-based manufacturing jobs and reduce economic and security risks linked to Chinese dominance in shipbuilding.

🔹 G7 Summit as Key Milestone for Tariff Talks
At the upcoming G7 summit in Canada, Ishiba is expected to meet with Trump to advance negotiations. Minister Akazawa, upon returning from the U.S., confirmed that the next phase of talks is being scheduled, and he hopes to soon meet with U.S. Treasury Secretary Scott Bessent.
“An agreement will only be reached when all parts of the package are addressed. Until everything is agreed, nothing is agreed,” Akazawa told reporters at Haneda Airport.

#TradeWars , #Japan , #usa , #Tariffs , #Geopolitics

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