Key Facts
• July 23, 2025: Mitsui Chairman Tatsuo Yasunaga addressed the press in Tokyo.
• U.S.-Japan negotiations on Trump-era tariffs reached an agreement.
• Agreement includes a 15% reciprocal tariff rate.
• Yasunaga called the deal a “major milestone” for reducing business uncertainty.
• He urged the government to provide detailed explanations of the agreement.
• Yasunaga emphasized the need for private sector contributions to the deal.
• Highlighted importance of strengthening supply chains and economic security.
• Stressed the significance of public-private cooperation for U.S. investments.
Summary
Tatsuo Yasunaga, Chairman of Mitsui & Co. and the Japan Foreign Trade Council, praised the recent U.S.-Japan agreement on Trump-era tariffs as a significant milestone. Speaking at a press conference on July 23, 2025, he acknowledged the 15% reciprocal tariff rate as a key aspect of the deal, which he believes will reduce uncertainty for businesses. Yasunaga called for the government to promptly clarify the agreement’s details and expressed the private sector’s willingness to explore ways to contribute. He also highlighted the need to strengthen supply chains and address economic security concerns, emphasizing the importance of public-private collaboration in future U.S. investments.
