U.S. refuses to offer Japan reciprocal tariff exemptions

Planet Daily News: On Monday, informed sources revealed that the United States rejected Japan's request for a comprehensive exemption of 10% reciprocal tariffs and country-specific tariffs during recent negotiations. Sources said that U.S. officials, including Treasury Secretary Bessent, stated during talks with Japan's chief negotiator Akira Akazawa in Washington last week that the Trump administration intends to only reduce tariffs by 14% for specific countries, with the tariffs currently suspended until early July. The United States emphasized in the second round of negotiations that it would only consider extending the 90-day suspension or reducing tariffs by 14% based on negotiation progress. Tokyo has been seeking a complete U.S. cancellation of reciprocal tariffs, 25% automotive tariffs, and 25% steel and aluminum tariffs. Washington previously stated that it would not negotiate global 10% base tariffs or tariffs on automotive and steel products. (Jintian)