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Trump To Discuss ‘Cost Of Military Support’ In High-Stakes Tariff Meeting With Japan
President Donald Trump will meet with Japan on Wednesday to negotiate over tariffs and American military support.
The meeting comes after Trump imposed reciprocal tariffs on countries worldwide, including a 24% tariff on Japanese goods. That tariff was later paused after Trump hit China with a 125% tariff and lowered reciprocal tariffs for all other countries across the board to 10% for 90 days to allow for negotiations.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will attend Trump’s meeting with Japan.
“Japan is coming in today to negotiate Tariffs, the cost of military support, and ‘TRADE FAIRNESS.’ I will attend the meeting, along with Treasury & Commerce Secretaries,” Trump posted Wednesday on Truth Social. “Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!”
Japan has also been impacted by a 25% tariff on auto imports imposed by Trump, which the country hopes to see ended.
Economy Minister Ryosei Akazawa said that Japanese Prime Minister Shigeru Ishiba “has a strong desire to help the U.S. achieve its goals in a win-win way, through investments rather than tariffs,” according to The Wall Street Journal.
At the same time, Ishiba recently told Japan’s parliament that he doesn’t want to rush negotiations.
“I’m not of the view that we should make big concessions for the sake of wrapping up negotiations quickly,” he said. “In negotiating with the United States, we need to understand what’s behind Trump’s argument both in terms of the logic and the emotional elements behind his views.”
Trump has defended tariffs, saying it has brought in billions of dollars in revenue to the United States.
“The United States is taking in RECORD NUMBERS in Tariffs, with the cost of almost all products going down, including gasoline, groceries, and just about everything else,” he posted on Truth Social Wednesday. “Likewise, INFLATION is down.”
National Economic Council Director Kevin Hassett said on Sunday that 130 nations have reached out to negotiate trade with Trump after the “Liberation Day” tariffs were announced.
“If you come to the table and negotiate with us and treat us the same way we treat you, then we will get your rate really low,” he said. “So, right now, 130 countries, 130 countries have responded, and we’re negotiating with them, and they have got their rate down to 10%.”