Japan’s Minister of Trade, Ryose Akazawa, has expressed deep concern over potential tariff changes that could undermine the existing Japan-US trade agreement. During a telephone conversation with US Trade Secretary Howard Lutnick, Akazawa emphasized the importance of maintaining beneficial terms in their economic partnership. The trade deal, established last year to facilitate commerce and strengthen economic ties between the two nations, faces uncertainty due to recent proposals that may alter its terms. Japanese officials warn that any increase in tariffs or modifications could harm Japanese exports and reduce the competitiveness of Japanese products in the American market. Given Japan’s export-dependent economy, such changes could impact its economic growth and disrupt the balance of trade relations. Experts suggest both countries must find a solution that protects their mutual economic interests to avoid instability in the global trade environment, which could affect not only Japan and the US but other international economies as well.
Source: binance
