Tokyo says progress made in tariff talks

Japan and the United States have made progress in their latest tariff talks, agreeing to hold another round of negotiations ahead of next month's G7 summit, Tokyo said yesterday.

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Japan, a key US ally and its biggest investor, is subject to the same 10% baseline levy placed on most nations plus steeper levies on cars, steel and aluminium.

US President Donald Trump slapped an additional 24% “reciprocal” levy on Japan, but this was later paused along with those on other countries until early July.

As Tokyo tries to get all levies lifted, its foreign ministry said “discussions toward reaching an agreement have progressed” in Washington.