Tokyo Seeks U.S. Guarantee to Preserve Trade Terms as Possible 15% Tariff Threatens Deal
Japan has formally asked the United States to ensure that Tokyo’s preferential terms from last year’s trade deal are preserved amid U.S. moves to impose new blanket tariffs that could reach 15%. Japanese Minister Ryosei Akazawa pressed U.S. Commerce Secretary Howard Lutnick to exempt Japanese products, warning that higher duties would reverse conce…