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U.S. Treasury's Bessent Signals Optimism on Tariff Deal, Says Japan’s PM Ishiba

Summarized by NextFin AI
  • U.S. Treasury Secretary Scott Bessent expressed optimism about reaching a favorable tariff agreement between Washington and Tokyo during a meeting with Japanese Prime Minister Shigeru Ishiba.
  • Prime Minister Ishiba emphasized the importance of maintaining active dialogue with Japan's chief tariff negotiator, Ryosei Akazawa, despite not discussing specific tariff details.
  • The 25% tariff threatened by former President Donald Trump, set to begin in August, remains a significant concern in the negotiations.

AsianFin -- U.S. Treasury Secretary Scott Bessent expressed confidence that Washington and Tokyo can reach a "good agreement" on tariffs, Japanese Prime Minister Shigeru Ishiba said Friday following a meeting with Bessent in Tokyo.

While specific details, including the 25% tariff threatened by former President Donald Trump starting in August, were not discussed, Ishiba said he urged Bessent to maintain “active dialogue” with Japan’s chief tariff negotiator, Ryosei Akazawa.

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Insights

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