Japanese Prime Minister Shigeru Ishiba Advocates for Zero Tariffs in U.S. Trade Negotiations

Hadisur Rahman, JadeTimes Staff

H. Rahman is a Jadetimes news reporter covering Asia

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Image Source:  Reuters/Lisa Marie David

Japanese Prime Minister Shigeru Ishiba reaffirmed his commitment to pursuing the elimination of all tariffs in ongoing trade negotiations with the United States during a television interview on Sunday, May 11. Speaking on a Fuji Television morning program, Ishiba expressed optimism about the progress of discussions, noting that Japan's relationship with U.S. President Donald Trump is "surprisingly good."

Ishiba's comments come in the wake of a recent trade agreement between the U.S. and the United Kingdom, which was announced on Thursday. This agreement lowers tariffs on British car exports while maintaining a baseline 10 percent tariff. Ishiba acknowledged this arrangement as "one model" for trade deals but emphasized Japan's goal of achieving zero percent tariffs.

Highlighting the potential benefits of reduced tariffs, Ishiba argued that high import levies on automobiles ultimately lead to increased prices for American consumers. "For the sake of the American economy as well, shouldn't those tariffs be lowered?" he questioned, advocating for a more favorable trading environment.

Currently, Japan faces a significant 25 percent tariff on its auto exports to the United States, alongside a reciprocal 24 percent tariff on other Japanese goods. The high tariffs have raised concerns about their impact on both Japanese exporters and American consumers.

In addition to trade discussions, Ishiba addressed domestic economic policies, particularly the proposed reduction of the consumption tax in Japan. He cautioned that a sudden decrease in the consumption tax could have adverse effects on the country's finances. "If we suddenly lower the consumption tax, what happens to the country's finances?" he asked, stressing the need for careful consideration of alternative measures to support those in need.

As Japan navigates its trade relationship with the U.S., Ishiba's push for tariff elimination reflects a broader strategy to enhance economic cooperation and bolster both nations' economies. The outcome of these negotiations will be closely watched, as they hold significant implications for international trade dynamics and economic stability in the region.