Japan News Updates

Every one of the countries identified by the U.S. Department of Commerce Foreign Trade Division as a top supplier by export value of trucks to the U.S. warned the agency against the levies.

President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the U.S. that contain provisions on drugs.

U.S. Steel approved a $300 million investment to upgrade some of its facilities, advancing part of an $11 billion commitment by Nippon Steel after its takeover of the steelmaker earlier this year.

August marks the fifth straight month of declines, as auto exports were hit by President Donald Trump’s tariffs.

The auto sector accounts for the biggest component of Japan’s exports to the U.S. and serves as a pillar of employment and a trendsetter for wage growth.

President Donald Trump signed an executive order Sept. 4 implementing his trade agreement with Japan, under which the U.S. will impose a maximum 15% tariff on most of its products.

Trade envoy Ryosei Akazawa was scheduled to leave Tokyo for Washington on Aug. 28 but Chief Cabinet Secretary Yoshimasa Hayashi told reporters some details required further consultations.

The U.S. revoked its tariff exemption on lower-value packages from across the world, starting Aug. 29.

Frustration and economic losses like those in the U.K. are growing in Japan, the European Union and South Korea.

Confusion hangs over various details of a trade deal struck between the U.S. and Japan, sparking concern in Japan over its enforcement, particularly regarding cars.