Key Facts
• U.S. President Trump hinted at raising tariffs on Japan.
• Keidanren Chairman Tsutsui expressed concerns over “severe impact” if applied.
• Trump suggested tariffs could reach up to 35% on Japanese goods.
• Domestic auto industry identified as particularly vulnerable due to its broad supply chain.
• Tsutsui urged Japan to pursue equal and persistent tariff negotiations.
• Trump plans to notify 15 countries of new tariff rates this week; Japan’s inclusion unclear.
Summary
Keidanren Chairman Masakazu Tsutsui has expressed significant concern over potential U.S. tariff increases on Japanese goods, as hinted by President Donald Trump. Tsutsui warned that such measures, including tariffs as high as 35%, could severely impact Japan’s economy, particularly its extensive automotive industry. He emphasized the need for Japan to engage in persistent and equal negotiations to protect national interests. While Trump plans to announce new tariff rates to 15 countries this week, it remains uncertain if Japan will be included.
