business / news / / Reuters
Japanese trade minister Ryosei Akazawa spoke with U.S. Secretary of Commerce Howard Lutnick on Monday.
Japanese minister Ryosei Akazawa formally requested maintenance of favorable tariff treatment under the new U.S. regime.
KEY POINTS
- Akazawa and U.S. Secretary Howard Lutnick reaffirmed continuation of the 2023 bilateral trade agreement.
- The 2023 deal reduced tariffs on autos and other goods to 15%.
- Japan committed to a $550 billion loans and investment package into the U.S. under the deal.
- Both countries agreed this month to accelerate talks about the initial investments in the agreement.
COMPANIES
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