Japan-US trade negotiations launched: Shigeru Ishiba calls US tariffs a national calamity.
Shibuya: America's tariff is a national calamity. Japan will launch ministerial-level negotiations on tariffs with the United States on the 16th. South Korea plans to begin negotiations next week. According to sources cited by The Wall Street Journal on the 14th, "The five friendly countries, the UK, Australia, South Korea, India, and Japan, are the top priority for trade negotiations."
Even if included in America's priority negotiation countries, whether it will lead to favorable results remains uncertain. However, on the 14th, Bestante told Bloomberg, "There is an advantage in taking the initiative. Usually, the first to reach an agreement gets the best deal. We ask each country to 'put forward their best proposals.' President Trump will personally participate in negotiations with the most important trading partners."
America hopes to cancel trade barriers for American export products such as agricultural goods and automobiles while reaching a comprehensive agreement (package deal: integrated transaction). All issues ranging from trade, exchange rates, energy, and security, including the development and export of liquefied natural gas (LNG) from Alaska, the appreciation of the US dollar against the Japanese yen, and the burden-sharing of the US military stationed in Japan, will be brought to the negotiations. Recently, Trump mentioned security issues, stating, "It has nothing to do with trade, but we will include it as part of the negotiation because it makes sense to bundle them together."
Shibuya recently stated in the parliament, "America's tariff is a national calamity. 'Retaliatory tariffs' will not become Japan's benefit."
Source: Chosun Ilbo
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