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(Bloomberg) — Japan and the US are still working on setting the timing for the next round of cabinet-level trade talks, Japan’s point person for the negotiations said, as the deadline for a deal to avert another hike in tariffs nears.
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“We’re still in the process of setting a date for the next ministerial meeting,” Ryosei Akazawa, Japan’s chief trade negotiator, said Tuesday at a post-cabinet meeting press conference, as he again played down the importance of the July 9 date for tariffs to rise. “We’re not going to put a deadline on the discussions.”
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As with other nations, Japan is subject to sectoral duties on autos, steel and aluminum. A 10% duty on all other Japanese goods is set to rise to 24% on July 9, barring a deal. The Yomiuri newspaper reported Tuesday that Akazawa will depart for Washington on Thursday for more talks.
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Akazawa has repeatedly said he won’t fixate on the July 9 deadline, and US Treasury Secretary Scott Bessent has suggested that countries engaged in good-faith negotiations may be granted an extension. Akazawa has traveled to Washington six times already in his efforts to win a reprieve for Japan from the duties.
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Japan appeared to be under pressure to strike a deal in time for the Group of Seven summit in Canada earlier this month with a flurry of phone calls between President Donald Trump and Prime Minister Shigeru Ishiba ahead of the gathering. But no agreement was announced.
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Tokyo will prioritize protecting its national interests in trade talks without rushing into a deal, Ishiba said at the end of the G-7 meetings.
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