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The government of Japan has slammed the latest tariff hike from US President Donald Trump, calling the action “truly regrettable” and warning that trade tensions could escalate if negotiations fail to gain traction. The statement was made by Prime Minister Shigeru Ishiba on Tuesday morning during a closed-door meeting with cabinet ministers, just hours after Trump posted the actual tariff letters to his Truth Social page. The updated directive sets a 25% levy on Japanese goods, effective August 1, replacing the 24% rate floated in April. According to reporting from local Japanese media, Ishiba confirmed the country will remain in talks with Washington and hinted the US might revise the decision depending on how Japan responds in the coming weeks. “Depending on Japan’s response, the content of the letter could be revised,” he said at the meeting. But until something changes, the new rate is in place, and Japan joins a growing list of US trade partners that have voiced anger or confusion over the White House’s strategy. South Korea pushes for exemptions during DC visit The White House released screenshots of more than a dozen tariff letters on Monday, with each country getting its own updated rate. These posts confirmed that negotiations will continue until August 1, but also made clear that only serious offers would prompt a revision. The documents said that “the US could consider adjusting the new tariff levels” depending on each country’s proposed terms. While Japan is bracing for impact, South Korea is trying to prevent its own situation from getting worse. The 20% tariff on South Korean imports, which Trump also announced in April, hasn’t changed. But it hasn’t gone away either. According to Yonhap News, South Korea’s Ministry of Trade, Industry and Energy issued a statement saying the government would “swiftly resolve trade…

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Filed under: News - @ July 8, 2025 12:24 pm