Donald Trump threatens Japan with tariff as much as 35% as deadline looms | EUROtoday

US President Donald Trump has threatened to impose a “30% or 35%” tariff on Japan if a deal between the 2 nations is just not reached earlier than a deadline subsequent week.

That can be nicely above the 24% tariff Japan was hit with as a part of Trump’s so-called “Liberation Day” on 2 April, when he introduced steep import duties on nations around the globe.

The tariffs on most buying and selling companions have been later lowered to 10% for 90 days to offer them time to barter offers with Washington.

That pause is because of expire on 9 July and Trump has stated he isn’t considering of extending the deadline.

Trump additionally continued to forged doubt that an settlement could possibly be reached with Tokyo.

“We’ve dealt with Japan. I’m not sure we’re going to make a deal. I doubt it,” he informed reporters aboard Air Force One on Tuesday.

Japan’s embassy in Washington didn’t instantly reply to a BBC request for remark.

Like many different nations, most of Japan’s exports to the US at present face a ten% levy. There can be a 25% import tax on Japanese automobiles and elements, whereas metal and aluminium are topic to a 50% tariff.

Earlier on Tuesday Japan’s chief cupboard secretary Yoshimasa Hayashi stated he wouldn’t make concessions that might harm his nation’s farmers to strike an settlement with Washington.

The feedback got here after Trump criticised nations over their commerce insurance policies in direction of the US, focussing on Japanese rice imports.

“To show people how spoiled Countries have become with respect to the United States of America, and I have great respect for Japan, they won’t take our RICE, and yet they have a massive rice shortage,” he wrote on his Truth Social platform.

Trump initially stated he would signal 90 commerce agreements in the course of the pause on the brand new tariffs however since then solely the UK has struck a take care of the US.