In recent trade negotiations with the US, Japanese Prime Minister Shigeru Ishiba emphasized the primacy of national interests over US demands.
Japan's Priorities in International Trade
Amid economic negotiations with the European Union and the US, Japan faces several obstacles. The conflict over tariffs on steel and aluminum, along with the EU's reluctance to open agricultural markets, highlights the complexity of the situation. Ishiba noted that Japan aims to protect its interests amid what he described as 'aggressive' US tactics.
Trade Negotiations with the US
During a parliamentary session on April 21, Ishiba stated, 'If Japan concedes everything, we won’t be able to secure our national interest.' This pertains to ongoing trade negotiations following the implementation of new 25% tariffs on imported vehicles as of April 3. Japan has expressed discontent over inconsistencies between the 2019 agreement and the new tariffs. 'We will continue to convey our stance,' Ishiba remarked.
Japan's Domestic Priorities
Ishiba emphasized that certain critical areas for Japan’s national interest will remain protected. One such area is agriculture. The Japanese government defends high tariffs on agricultural imports, like rice, as essential for consumer safety. However, Japan is also considering potential compromises, such as increasing imports of US rice and soybeans.
Japan maintains a firm stance in trade negotiations with the US, continuing to insist on protecting its national interests.
