The second round of Japan-US tariff negotiations will be held in Washington on May 1st.
The second round of Japan-US tariff negotiations will be held in Washington on May 1st. The above information was revealed by Akira Akazawa, the minister in charge of economic revitalization, before he departed for the United States on April 30th. Prime Minister Shigeru Ishiba reiterated the idea of requesting the US to revoke the additional tariffs on April 30th in Manila. He stated: "Akira Akazawa will emphasize to the US side the importance of jointly creating jobs and coordinating actions towards the world."
Kyodo News reported that this time, the Japanese side will confirm the issues the US side is interested in prioritizing in the negotiations and judge whether the negotiation chips prepared by Japan in agricultural products and automobile sectors will be effective.
Akira Akazawa pointed out at Haneda Airport to the media that the US additional tariffs cause losses to Japanese car manufacturers every day, and expressed hope to "make one or two steps forward" toward reaching an agreement.
The Japanese government is considering expanding imports of American agricultural products, expanding exceptions related to import vehicle inspections, and cooperation in the shipbuilding sector as negotiation chips.
In terms of agricultural products, expanding imports of American rice, soybeans, and corn could become negotiation chips for Japan. Regarding rice, due to the upcoming summer House of Councillors election, there is concern within the Liberal Democratic Party about farmer protests, and the view of being cautious has gained popularity.
Original Source: https://www.toutiao.com/article/1830874955204688/
Disclaimer: This article solely represents the author's viewpoint.